Gopinath, Gita; Rigobon, Roberto - In: The Quarterly Journal of Economics 123 (2008) 2, pp. 531-575
The stickiness and currency of pricing of traded goods play a central role in international macroeconomics; however, empirical evidence on these features is seriously limited. To address this, we use micro data on U.S. import and export prices at the dock for the period 1994-2005 and present...