Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
收藏NBER1997-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6053
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资源简介：
We propose that analysis of purchasing power parity (PPP) and the law of one price (LOOP) should explicitly take into account the possibility of commodity points' thresholds delineating a region of no central tendency among relative prices, possibly due to lack of perfect arbitrage in the presence
提供机构：
美国国家经济研究局
创建时间：
1997-06-01
