If price levels are initially different across the euro area, convergence to a common level of prices would imply that … inflation will be higher in countries where prices are initially low. Price level convergence thus provides a potential … between 1990 and 1999 prices did become less dispersed in the euro area. Convergence is especially evident for traded goods …

We reexamine the evidence for border effects in deviations from the law of one price, using data for consumer prices … rather than price index data. We find evidence of border effects both in the levels of prices and the percentage change in … prices. Even accounting for distance between cities and relative population sizes, we find that the absolute difference …

.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very … very slightly. We also present evidence that the border effect in U.S.-Mexican prices is not primarily due to the border … effect in U.S.-Mexican wages. Finally, using the prices of 276 highly dis-aggregated goods and services, we estimate the …

We use new disaggregated data on consumer prices to determine why there is variability in prices of similar goods … purely a result of market segmentation or do sticky nominal prices play a role? We also examine how the degree of tradability … the variation in prices between pairs of cities. But we also find that nominal price stickiness plays an even more …

.S. cities and Canadian cities for 14 categories of consumer prices to examine the nature of the deviations from the law of one … price. The distance between cities explains a significant amount of the variation in the prices of similar goods in … prices as adding 2500 miles between cities. …

variability, suggesting a link to sticky nominal prices. We also find that distance can explain failures of LOOP, suggesting the …

We analyze retail prices and at-the-dock (import) prices of specific items in the Bureau of Labor Statistics' (BLS) CPI …

Previous tests of stock index arbitrage models have rejected the no-arbitrage constraint imposed by these models. This …

We analyze retail prices and at-the-dock (import) prices of specific items in the Bureau of Labor Statistics' (BLS) CPI …