المستودع الأكاديمي جامعة المدينة

Merging the purchasing power parity and the Phillips curve literatures: Regional evidence from Italy

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dc.creator Vaona, Andrea
dc.date 2006
dc.date.accessioned 2013-10-16T06:06:14Z
dc.date.available 2013-10-16T06:06:14Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/3841
dc.identifier ppn:514919418
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3841
dc.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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1282
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Inflation
dc.subject Regionale Preisstruktur
dc.subject Kaufkraftparität
dc.subject Phillips-Kurve
dc.subject Schätzung
dc.subject Italien
dc.title Merging the purchasing power parity and the Phillips curve literatures: Regional evidence from Italy
dc.type doc-type:workingPaper


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