Gorodnichenko, Yuriy (contributor); … - 2005
the confounding factors the border effect
between the U.S. and Canada and the U.S. and Japan is negligible.
Yuriy ….S. and Japan is equivalent to 43,000
trillion miles (note that the distance to the Moon is a mere 238,900 miles). Likewise … border effect from over 71,000 km
to 47 km. In the case of the U.S. and Japan, the role of exchange rate volatility is more …