Showing 1 - 10 of 1,023
and foreign prices. We argue that the border effect can be inflated by the volatility and persistence of the nominal ….S. and Canada and the U.S. and Japan is negligible …
Persistent link: https://www.econbiz.de/10012466966
(increase) world interest rates but also to increase (reduce) private leverage. This in turn increased (decreased) volatility in …
Persistent link: https://www.econbiz.de/10015056133
It is well known that business cycles in OECD countries exhibit a remarkable degree of synchronization. Much less known is that the peak of the OECD cycle is associated with high prices of labour-intensive products and low prices of capital-intensive ones. We document this cyclical behavior of...
Persistent link: https://www.econbiz.de/10012470962
This paper uncovers a striking empirical regularity: the consumer price of a good relative to a different good within a country tends to be much less variable than the price of that good relative to a similar good in another country. This fact seems to hold for all goods except very simple,...
Persistent link: https://www.econbiz.de/10012474732
We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to 1860. The prices are reported for US cities and Swedish market towns, so we can compare international and intranational dispersion. Distance and commodity-specific fixed effects...
Persistent link: https://www.econbiz.de/10012458419
Do prices respond to macro shocks? Does the mere presence of international frontiers hinder trade? We revisit these questions by studying a dataset of online book prices for a number of US and Canadian retailers. We believe our dataset is well suited to this task for a number of reasons: (1)...
Persistent link: https://www.econbiz.de/10012463008
stores in the U.S. and Canada. We develop a model of pricing by location and employ a regression discontinuity approach to … discontinuity between adjacent stores on either side of the U.S.-Canada border is as high as 21%. In contrast, within-country border … the U.S.-Canada nominal exchange rate. We show these facts suggest that the price gaps we estimate provide only a lower …
Persistent link: https://www.econbiz.de/10012463710
and exchange rate mechanisms. McCallum [1995] found that the US-Canada border led to trade between provinces that is a … puzzle' by applying the theory seriously. We find that national borders reduce trade between the US and Canada by about 44 … of a combination of omitted variables bias and the small size of the Canadian economy. Within-Canada trade rises by a …
Persistent link: https://www.econbiz.de/10012470650
of a downward trend since, due to the post-FTA growth in trade between Canada and the United States. Using approximate …
Persistent link: https://www.econbiz.de/10012472790
The paper first assesses regional and ethnic group differences in social trust and memberships in both Canada and the … seven adjectives, a feature more prevalent in the United States than in Canada, (black, white, Hispanic and Asian in the … United States; French, English and Ethnic in Canada) have lower levels of trust than those who consider themselves Canadians …
Persistent link: https://www.econbiz.de/10012472965