Price Level Convergence Among United States Cities: Lessons for the European Central Bank
收藏NBER2000-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7681
下载链接
链接失效反馈官方服务：
资源简介：
We study the dynamics of price indices for major U.S. cities using panel econometric methods and find that relative price levels among cities mean revert at an exceptionally slow rate. In a panel of 19 cities from 1918 to 1995, we estimate the half-life of convergence to be approximately nine years.
提供机构：
美国国家经济研究局
创建时间：
2000-05-01
