The Micro-Macro Disconnect of Purchasing Power Parity
收藏NBER2009-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15624
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资源简介：
This paper reconciles the persistence of aggregate real exchange rates with the faster adjustment of international relative prices in microeconomic data. Panel estimation of an error correction model using a micro data set uncovers new stylized facts regarding this puzzle. First, adjustment to
提供机构：
美国国家经济研究局
创建时间：
2009-12-01
