"The empirical literature in international finance has produced three key results about international price deviations …: borders give rise to flagrant violations of the law of one price, distance matters enormously for understanding these … micro studies on nominal price stickiness. The data underlying these results are mostly comprised of price indexes and price …

When comparing the price of an individual good or service across different countries, it is necessary to use to a … argues that PPP price comparisons address a very narrow set of questions, whose implications for economic behavior and policy …, price comparisons based on PPP conversion are unreliable indictors of consumer demand. If the PPP price of good is lower in …