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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3841| Title: | Merging the purchasing power parity and the Phillips curve literatures: Regional evidence from Italy |
| Keywords: | Inflation Regionale Preisstruktur Kaufkraftparität Phillips-Kurve Schätzung Italien |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The main purpose of this paper is to merge together two strands of the literature regarding, either directly or indirectly, inflation: the PPP and the Phillips curve ones. In order to accomplish this task, this contribution applies the tools of the Empirical Growth Literature and of Dynamic Panel Data estimation on a sample of 81 Italian provinces from the year 1986 to the year 1998, exploiting cross-sectional variation to avoid to use instruments not directly connected with the inflation generating process. This research strategy allows to conclude that inflation is characterized by a low degree of persistence and by conditional b-convergence across provinces. Its most suitable driving variable is the unemployment rate and there are long-term non neutralities at the regional level. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3841 |
| Other Identifiers: | http://hdl.handle.net/10419/3841 ppn:514919418 |
| Appears in Collections: | EconStor |
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