haku: @indexterm Purchasing power parity / yhteensä: 42
viite: 17 / 42
Tekijä: | Engel, C. Rogers, J.H. |
Otsikko: | Deviations from purchasing power parity: causes and welfare costs |
Lehti: | Journal of International Economics
2001 : OCT, VOL. 55:1, p. 29-57 |
Asiasana: | EXCHANGE RATES PRICES PURCHASING POWER PARITY EUROPE |
Kieli: | eng |
Tiivistelmä: | The authors explore deviations from short-run purchasing power parity (PPP) across European cities, attempting to move beyond a "first-generation" of papers that document very large border effects. They document two very distinct types of border effects embedded in relative prices. The first is a "real barriers effect", caused by various barriers to market integration. The second is a sticky-consumer-price cum volatile exchange-rate effect. |
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