The data and programs replicate tables and figures from "The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation", by Nakamura, Steinsson, Sun, and Villar. Please see the Read
For test cases 14 and 15, the semiparametric estimators allow for logarithmic boundary terms at any boundary point. The best method is indicated in bold. For test cases 9 and 10, the diffusion estimat
The paper first extends and reconciles recent estimates of the strikingly large effect of national borders on trade patterns. Estimates comparing trade among Canadian provinces with that between Canad
Since trade must cross borders, to what extent do border walls affect trade flows? We argue that border walls can reduce trade flows. Even if the objective is to only stem illicit flows, border walls
