| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7836 |
| 来源ID | Working Paper 7836 |
| Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography | |
| David C. Parsley; Shang-Jin Wei | |
| 发表日期 | 2000-08-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper exploits a three-dimensional panel data set of prices on 27 traded goods, over 88 quarters, across 96 cities in the U.S. and Japan. We show that a simple average of good-level real exchange rates tracks the nominal exchange rate well, suggesting strong evidence of sticky prices. Focusing on dispersion in prices between city-pairs, we find that crossing the U.S.-Japan Border' is equivalent to adding as much as 43,000 trillion miles to the cross-country volatility of relative prices. We turn next to economic explanations for this so-called border effect and to its dynamics. Distance, unit-shipping costs, and exchange rate variability, collectively, explain a substantial portion of the observed international market segmentation. Relative wage variability, on the other hand, has little independent impact on segmentation. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w7836 |
| 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/565415 |
| 推荐引用方式 GB/T 7714 | David C. Parsley,Shang-Jin Wei. Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7836.pdf（441KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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