Price-level convergence: New evidence from U.S. cities

This paper tests the bilateral price-level convergence among 52 U.S. cities at the good level by using a new econometric approach. The estimated median half lives are far below the half lives found in the corresponding studies for the U.S.

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Year of publication:	2011
Authors:	Yazgan, M. Ege ; Yilmazkuday, Hakan
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 2, p. 76-78
Publisher:	Elsevier
Subject:	Convergence Micro-level prices PPP puzzle

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866983