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| Tekijä: | Parsley, D.C. Wei, S-J. |
| Otsikko: | Explaining the border effect: the role of exchange rate variability, shipping costs, and geography |
| Lehti: | Journal of International Economics
2001 : OCT, VOL. 55.1, p. 87-105 |
| Asiasana: | EXCHANGE RATES GEOGRAPHY INTERNATIONAL ECONOMICS MARKET SEGMENTATION PRICES JAPAN USA |
| Kieli: | eng |
| Tiivistelmä: | This paper exploits a three-dimensional panel data set of prices on 27 traded goods, over 88 quarters, across 96 cities in the US and Japan. The authors show that a simple average of good-level real exchange rates tracks the nominal exchange rate well, suggesting strong evidence of sticky prices. |
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