English, Article, Journal or magazine article edition: The Phillips Curve and the Italian Lira, 1861-1998 Alessandra Del Boca; Alessandro Del Boca; Michele Fratianni; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/19232
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Phillips Curve and the Italian Lira, 1861-1998
Author
  • Alessandra Del Boca
  • Alessandro Del Boca
  • Michele Fratianni
  • Franco Spinelli
  • Carmine Trecroci
Physical Description
  • preprint
Notes
  • inflation, Phillips curve, Italian lira
  • RePEc:iuk:wpaper:2008-05
  • We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire existence of the Italian lira from political unification (1861) to the entry of Italy in the European Monetary Union (end of 1998). We first study the volatility, persistence and stationarity of the Italian inflation rate over the long run and across various exchange-rate regimes that have shaped Italian monetary history. Next, we estimate alternative Phillips equations and investigate the extent to which nonlinearities, asymmetries and structural changes characterize the inflation-output trade-off in the long run. We capture the effects of structural changes and asymmetries on the estimated parameters of the inflation-output trade-off relying partly on sub-sample estimates and partly on time-varying parameters estimated with the Kalman filter. Finally, we investigate causal relationships between inflation rates and output and extend the analysis to include the US and the UK for comparison purposes. The inference is that Italy has experienced a conventional inflation-output trade-off only during times of low inflation and stable aggregate supply.
  • Inflation, Italian Lira, Phillips curve
  • RePEc:anc:wmofir:8
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment