01626cas a2200253 a 4500 AALejournalIMF004673 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846041 1018-5941 BD-DhAAL BD-DhAAL Ford, Robert. Exchange Rate Movements and Inflation Performance : The Case of Italy / Robert Ford, Thomas Krueger. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents an empirical model to study the response of wages and prices to movements in the nominal exchange rate. A four-equation model is applied to Italian data to evaluate the response of tradeable goods prices, consumer prices, and wages following the lira's exit from the ERM in the fall of 1992. The model tracks reasonably well the inflation performance of tradeables, especially import prices. But it is argued that structural changes in the labor market contribute to an overprediction of price and wage inflation. Mode of access: Internet Krueger, Thomas. IMF Working Papers; Working Paper ; No. 1995/041 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/041/001.1995.issue-041-en.xml IMF e-Library