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Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10012754392
standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are …
Persistent link: https://www.econbiz.de/10013318560
standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are …
Persistent link: https://www.econbiz.de/10014048651
This paper examines the persistence of relative consumer price indices for 15 regions in Korea including 6 metropolitan cities and 9 provinces over the period of 1990-2016. In particular, we ask if relative regional price indices contain a common stochastic trend and find that they are not. We...
Persistent link: https://www.econbiz.de/10012952789
This paper examines the persistence of relative consumer price indices for 15 regions in Korea including 6 metropolitan cities and 9 provinces over the period of 1990-2016. In particular, we ask if relative regional price indices contain a common stochastic trend and find that they are not. We...
Persistent link: https://www.econbiz.de/10011765060
We study the quarterly bilateral real exchange rate and the relative price of non-traded to traded goods for 1225 country pairs over 1980-2005. We show that the two variables are positively correlated, but that movements in the relative price measure are smaller than those in the real exchange...
Persistent link: https://www.econbiz.de/10012722646
attention to the effect of the U.S.-Canada free trade agreement on market integration. Our conclusions are unchanged: markets in … the U.S. and Canada are more segmented than can be explained by the physical distance between the locations. Formal trade …
Persistent link: https://www.econbiz.de/10014203429
attention to the effect of the U.S-Canada free trade agreement on market integration. Our conclusions are unchanged: markets in … the U.S. and Canada are more segmented than can be explained by the physical distance between the two locations. Formal …
Persistent link: https://www.econbiz.de/10014211030
that exchange rate fluctuations have significant long-term effects on the labour input of Canada's manufacturing industries …
Persistent link: https://www.econbiz.de/10011408683
Based on a broad set of regional aggregated and disaggregated consumer price index (CPI) data from major industrialized countries in Asia, North America and Europe we are examining the role that national borders play for goods market integration. In line with the existing literature we find that...
Persistent link: https://www.econbiz.de/10014029583