The Law of One Price Without the Border: The Role of Distance Versus Sticky Prices
收藏NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14835
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资源简介：
We examine the role of nominal price rigidities in explaining the deviations from the Law of One Price (LOP) across cities in Japan. Focusing on intra-national relative prices isolates the border effect and thus enables us to extract the pure effect of sticky prices. A two-city model with nominal
提供机构：
美国国家经济研究局
创建时间：
2009-04-01
