, empirical frequencies of micro price adjustment cannot replicate the time-series properties of the law-of-one-price deviations …. We extend their sticky price model by combining good specific price adjustment with information stickiness in the sense … cities within a country. Using a panel of U.S.-Canadian city pairs, we estimate a dynamic price adjustment process for each …

, empirical frequencies of micro price adjustment cannot replicate the time-series properties of the law-of-one-price deviations …. We extend their sticky price model by combining good specific price adjustment with information stickiness in the sense … cities within a country. Using a panel of U.S.-Canadian city pairs, we estimate a dynamic price adjustment process for each …

multi-country model, with world market clearing, which incorporates speculative and non-speculative demands for inventories … matters, and that supply and demand elasticities are important in determining the commodity price in world markets above and … beyond the size of the share of those commodities in world trade …

theory predicts that the real exchange rate volatility curve is a U-shaped function of the degree of price stickiness. Using …

theory predicts that the real exchange rate volatility curve is a U-shaped function of the degree of price stickiness. Using …