Showing papers by "Fabio Clementi published in 2010"
TL;DR: In this article, the κ-generalized distribution is proposed as a descriptive model for the distribution and dispersion of income within a population based on the deformed exponential and logarithm functions recently introduced by Kaniadakis.
Abstract: This article proposes the κ-generalized distribution as a descriptive model for the distribution and dispersion of income within a population based on the deformed exponential and logarithm functions recently introduced by Kaniadakis (Phys A 296:405–425, 2001; Phys Rev E 66:056125, 2002; Phys Rev E 72:036108, 2005). Expressions are reported which facilitate the analysis of the associated moments and various tools for the measurement of inequality. An empirical application, including a comparison of alternative distributions, is made to household income data in Italy for the years 1989 to 2006.
44 citations
Posted Content•
TL;DR: In this article, the authors investigated whether the adoption of the euro was accompanied by an increase in inflation and how far it affected developments in price dispersion in 11 Eurozone countries over the 1986-2009 period.
Abstract: Based on the prices of McDonald’s Big Mac hamburger in 11 Eurozone countries over the 1986-2009 period, the present article investigates whether the adoption of the euro was accompanied by an increase in inflation and how far it affected developments in price dispersion. Our results indicate that the Eurozone inflation rate after the introduction of the euro is on average significantly higher than prior to the changeover. Additionally, we find no evidence of a further significant reduction in price dispersion since the euro switchover in comparison with the previous period during which progress towards a leveling of existing price differentials had been made.
4 citations
Posted Content•
TL;DR: In this article, the authors investigated whether the adoption of the euro was accompanied by an increase in inflation and how far it affected developments in price dispersion in 11 Eurozone countries over the 1986-2009 period.
Abstract: Based on the prices of McDonald's Big Mac hamburger in 11 Eurozone countries over the 1986–2009 period, the present article investigates whether the adoption of the euro was accompanied by an increase in inflation and how far it affected developments in price dispersion. Our results indicate that the Eurozone inflation rate after the introduction of the euro is on average significantly higher than prior to the changeover. Additionally, we find no evidence of a further significant reduction in price dispersion since the euro switchover in comparison with the previous period during which progress towards a leveling of existing price differentials had been made.