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We reexamine the effect of the U.S.-Canadian border on integration of markets. The paper updates work from our earlier paper, Engel and Rogers (1996). We consider alternative measures of deviations from the law of one price. We pay special attention to the effect of the U.S.-Canada free trade...
Persistent link: https://www.econbiz.de/10005372546
crucially on the choice of price series used to measure relative prices and on the choice of trade partner. The relation is … stronger when we measure relative prices using producer prices rather than consumer prices. The relation is stronger the more …
Persistent link: https://www.econbiz.de/10005712333
.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. …
Persistent link: https://www.econbiz.de/10005712747
Persistent link: https://www.econbiz.de/10005713920
We study a newly constructed panel data set of relative prices of a large number of consumer goods among 31 European …
Persistent link: https://www.econbiz.de/10008475888
exchange rates and international relative prices and quantities. This paper examines the ability of extensions of existing open … economy models to account for exchange rates, international relative prices, and international trade quantities. The …
Persistent link: https://www.econbiz.de/10005512378
, can seriously disrupt output growth. An analysis of the effects of a decline in export prices in seventy-five developing …
Persistent link: https://www.econbiz.de/10005387175
prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact …
Persistent link: https://www.econbiz.de/10005726571
The inertia of traded goods' local currency prices in the face of exchange rate changes is a well-documented phenomenon … the incomplete transmission of exchange rate changes to prices. The approach is applied to micro data from the beer market …. We find that (a) wholesale prices appear more rigid than retail prices; (b) price adjustment costs on average account for …
Persistent link: https://www.econbiz.de/10005726617
-i Efkar and Vakit, in addition to data of foreign exchange rates and prices in the çIstanbul Bourse, this paper examines how …
Persistent link: https://www.econbiz.de/10011882665