| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10569 |
| 来源ID | Working Paper 10569 |
| Productivity, Tradability, and the Long-Run Price Puzzle | |
| Paul Bergin; Reuven Glick; Alan M. Taylor | |
| 发表日期 | 2004-06-21 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the Balassa- Samuelson' effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is often assumed to be a universal property is actually quite specific to recent times. What might explain this historical pattern? We adopt a framework where goods are differentiated by tradability and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for theory and history to be consistent for a wide range of underlying productivity shocks. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w10569 |
| 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/568198 |
| 推荐引用方式 GB/T 7714 | Paul Bergin,Reuven Glick,Alan M. Taylor. Productivity, Tradability, and the Long-Run Price Puzzle. 2004. |
| 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 | ||
| w10569.pdf（1283KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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