by the elimination of the exchange rate as a source of shocks, in combination with faster adjustment in national price … relative price adjustment …

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 …

rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit … our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of … sellers, and returns to search effort are important determinants of pass-through and speed of price adjustment for …

Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical …

exchange rate and by the cross-country heterogeneity in the distribution of within-country price differentials. We develop a … simple framework to separate the border effect from these confounding factors. Using price data from Engel and Rogers (1996 …

demonstrate that the law of one price holds very well within currency unions for tens of thousands of goods sold by each of the … the law of one price outside of currency unions, even when the nominal exchange rate is pegged. This clarifies that the … common currency per se, and not simply the lack of nominal volatility, is important in reducing cross-country price …

We provide three sets of variance decompositions on microeconomic international relative price data. The first shows … that the overall distribution of absolute deviations from the Law of One Price (LOP) is dominated by cross …

coffee price changes, with more observers emphasizing the consequences of coffee price changes on money creation and … inflation. The results obtained indicate that coffee price changes have indeed been closely related to money creation and … inflation. Also, coffee price changes have been negatively related to the rate of devaluation of the crawling peg. These results …