Inflation and Monetary Policy in Italy: Some Recent Evidence |
Common terms and phrases
0.00 WAGE shock 0.5 Contribution actual inflation aggregate demand Analysis Angeloni ARCH 7 F Banca d'Italia Bank of Italy capacity utilization channels of monetary Chi2 cointegrating depreciation discount rate discussed Economic Bullettin economica effect of monetary endogenous estimated evidence EXCHANGE RATE shock EXCHANGE.RATE expectations shocks expected inflation fiscal constraint fiscal dominance fiscal imbalances Gaiotti and Nicoletti GAP WAGES PRICES Gavosto Il Sole 24 IMPORT PRICE shock inflation expectations Inflazione INTEREST RATE shock Isco survey Italian Lane and Prati measure mimeo monetary policy effectiveness monetary policy transmission Nicoletti Altimari 1996 output gap OUTPUT.GAP shock Paper percentage points Perugia Phillips curve policy to inflation price expectations profit margins public debt quarterly model rational expectations recent response of inflation response of prices Sabbatini Servizio Studi Sestito Spaventa Taylor rule Temi di discussione Three-month rate transmission in Italy transmission lags Transmission Mechanism transmission of monetary unemployment variables vector Visco wage indexation