Boca, Alessandra Del; Fratianni, Michele; Spinelli, Franco - Department of Business Economics and Public Policy, … - 2008
We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire … 1998). We first study the volatility, persistence and stationarity of the Italian inflation rate over the long run and … equations and investigate the extent to which nonlinearities, asymmetries and structural changes characterize the inflation …
