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- W1982783998 abstract "This paper tests the bilateral price-level convergence among 52 U.S. cities at the good level. We employ a new approach which is free of problems that arise when using an arbitrary benchmark, cross-section dependence, and heterogeneity. We find quite strong evidence in favor of convergence with significantly quick rates. This finding is surprising as the estimated median half lives are far below the half lives found in the corresponding studies for the U.S." @default.
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- W1982783998 date "2010-05-26" @default.
- W1982783998 modified "2023-09-26" @default.
- W1982783998 title "Price-Level Convergence: New Evidence from U.S. Cities" @default.
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