| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w4829
|
| 来源ID | Working Paper 4829
|
| How Wide is the Border? |
| Charles Engel; John H. Rogers
|
| 发表日期 | 1994-08-01
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | Failures of the law of one price explain much of the variation in real C.P.I. exchange rates. We use C.P.I. data for U.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 different cities. But, the variation of the price is much higher for two cities located in different countries than for two equidistant cities in the same country. By our most conservative measure, crossing the border adds as much to the volatility of prices as adding 2500 miles between cities. |
| URL | https://www.nber.org/papers/w4829
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562236
|
推荐引用方式
GB/T 7714 |
Charles Engel,John H. Rogers. How Wide is the Border?. 1994.
|
|
文件名：
|
w4829.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
