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Inflation Bias after the Euro: Evidence from the UK and Italy
[journal article]
Abstract This paper presents an indirect approach to investigate the possible existence of measurement error bias in the Harmonized Index of Consumer Prices for the UK and Italy. Our empirical results show that there is no significant evidence of a bias for the UK, nor for Italy prior to the introduction of ... view more
This paper presents an indirect approach to investigate the possible existence of measurement error bias in the Harmonized Index of Consumer Prices for the UK and Italy. Our empirical results show that there is no significant evidence of a bias for the UK, nor for Italy prior to the introduction of the Euro. Since January 2002, however, the inflation rate in Italy has been underestimated by at least 6 percentage points.... view less
Document language
English
Publication Year
2007
Page/Pages
p. 461-470
Journal
Applied Economics, 39 (2007) 4
DOI
https://doi.org/10.1080/00036840500438962
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)