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Geographic Barriers to Commodity Price Integration : Evidence from US Cities and Swedish Towns, 1732-1860

Crucini, Mario J. - 2014

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

Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods

Lipsey, Robert E. - 1990

The purpose of this paper is to present, and to explain the construction of, a set of price indexes relating to international trade in manufactured goods. These include: 1. Indexes of export prices for the U.S., Germany, and Japan, based on their weights, and indexes of competitors' prices for...

Persistent link: https://www.econbiz.de/10012475588

The Asian Flu and Russian Virus : Firm-level Evidence on How Crises are Transmitted Internationally

Forbes, Kristin - 2000

This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...

Persistent link: https://www.econbiz.de/10012470943

Income Differences and Prices of Tradables : Insights from an Online Retailer

Simonovska, Ina - 2010

features prices across retail locations around the world, suggesting that variable mark-ups play a key role in accounting for …

Persistent link: https://www.econbiz.de/10012462422

The Micro-Macro Disconnect of Purchasing Power Parity

Bergin, Paul R. - 2009

This paper reconciles the persistence of aggregate real exchange rates with the faster adjustment of international relative prices in microeconomic data. Panel estimation of an error correction model using a micro data set uncovers new stylized facts regarding this puzzle. First, adjustment to...

Persistent link: https://www.econbiz.de/10012463026

Explaining Product Price Differences Across Countries

Lipsey, Robert E. - 2007

A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is...

Persistent link: https://www.econbiz.de/10012465414

Productivity, Tradability, and the Long-Run Price Puzzle

Bergin, Paul - 2004

Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the Balassa- Samuelson' effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is...

Persistent link: https://www.econbiz.de/10012468124

The Unholy Trinity of Financial Contagion

Kaminsky, Graciela L. - 2003

Over the last 20 years, some financial events, such as devaluations or defaults, have triggered an immediate adverse chain reaction in other countries -- which we call fast and furious contagion. Yet, on other occasions, similar events have failed to trigger any immediate international reaction....

Persistent link: https://www.econbiz.de/10012468633

A Decomposition of Global Linkages in Financial Markets Over Time

Forbes, Kristin J. - 2003

This paper tests if real and financial linkages between countries can explain why movements in the world's largest … between the world's 5 largest economies and about 40 other markets to decompose the cross-country factor loadings into: direct … to be the most important determinant of how movements in the world's largest markets affect financial markets around the …

Persistent link: https://www.econbiz.de/10012469145

Market Integration and Contagion

Bekaert, Geert - 2003

to providing new insights on contagion during crisis periods, we document patterns through time in world and regional …

Persistent link: https://www.econbiz.de/10012469193

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