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The Euro, Inflation and Consumer’s Perceptions

Lessons from Italy

  • Paolo Del Giovane
  • Roberto Sabbatini

Table of contents

  1. Front Matter
    Pages I-XV
  2. Paolo Del Giovane, Roberto Sabbatini
    Pages 1-11
  3. Franco Mostacci, Roberto Sabbatini
    Pages 51-69
  4. Vincenzo Cestari, Paolo Del Giovane, Clelia Rossi-Arnaud
    Pages 125-155
  5. Paolo Del Giovane, Silvia Fabiani, Roberto Sabbatini
    Pages 157-197
  6. Back Matter
    Pages 231-243

About this book

Introduction

On 1 January 2002, euro banknotes and coins were introduced in twelve EU Member States. Three more countries joined in the following years, and over 300 million people now use the euro in their daily transactions. The currency changeover was a technical success. From the very start, however, the vast majority of euro area citizens held the single currency responsible for a sharp rise in prices and a subsequent decline in their personal economic fortunes.

This book puts forward convincing empirical evidence, primarily drawn from Italy’s experience, to establish whether the introduction of the euro has had a major impact on prices, and if not, why so many people believe it has. Its significance lies not only in the documentation of a historic event, but also and more importantly, in the lessons it provides, which concern the public’s understanding of inflation, the correct assessment of the effects of the single currency, and the need for appropriate measures when other countries adopt the euro.

Keywords

Consumers' perceptions Euro Euro area European Union (EU) Inflation consumer

Editors and affiliations

  • Paolo Del Giovane
    • 1
  • Roberto Sabbatini
    • 1
  1. 1.Banca d’ItaliaRomeItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-78370-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 2008
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-78369-5
  • Online ISBN 978-3-540-78370-1
  • Buy this book on publisher's site