How wide is the border?

被引：63

作者：

Engel, C

Rogers, JH

机构：

[1] NATL BUR ECON RES,WASHINGTON,DC

[2] FED RESERVE SYST,BOARD GOVERNORS,DIV INT FINANCE,WASHINGTON,DC 20551

来源：

AMERICAN ECONOMIC REVIEW | 1996年 / 86卷 / 05期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use CPI data for U.S. 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 different cities. Bur the variation of the price is much higher for two cities located in different countries than for two equidistant cities in the same country. We explore some of the reasons for this finding. Sticky nominal prices appear to be one explanation but probably do not explain most of the border effect.

引用

页码：1112 / 1125

页数：14

共 22 条

[1]

Debreu G., 1959, Theory of Value

[2] HYSTERESIS, IMPORT PENETRATION, AND EXCHANGE-RATE PASS-THROUGH [J].