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Real Exchange Rates and Relative Prices: An Empirical Investigation

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NBER1992-12-01 更新2025-01-04 收录
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This paper uncovers a striking empirical regularity: the consumer price of a good relative to a different good within a country tends to be much less variable than the price of that good relative to a similar good in another country. This fact seems to hold for all goods except very simple,

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1992-12-01
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