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Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10012754392
same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects …, but distance and border still matter for intra-European relative price volatility. …
Persistent link: https://www.econbiz.de/10009767676
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10003270605
Based on a broad set of regional aggregated and disaggregated consumer price index (CPI) data from major industrialized countries in Asia, North America and Europe we are examining the role that national borders play for goods market integration. In line with the existing literature we find that...
Persistent link: https://www.econbiz.de/10014029583
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and … that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect …, this study shows that cross-country heterogeneity in price volatility can lead to significant bias in measuring the border …
Persistent link: https://www.econbiz.de/10003300940
Persistent link: https://www.econbiz.de/10003407480
standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are …
Persistent link: https://www.econbiz.de/10014048651
standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are …
Persistent link: https://www.econbiz.de/10013318560
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear...
Persistent link: https://www.econbiz.de/10012782287
Persistent link: https://www.econbiz.de/10003565830