Price-level convergence: New evidence from U.S. cities

Ege Yazgan () and Hakan Yilmazkuday

Economics Letters, 2011, vol. 110, issue 2, 76-78

Abstract: This paper tests the bilateral price-level convergence among 52 U.S. cities at the good level by using a new econometric approach. The estimated median half lives are far below the half lives found in the corresponding studies for the U.S.

Keywords: Convergence; Micro-level; prices; PPP; puzzle (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1765(10)00351-4
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Price-Level Convergence: New Evidence from U.S. Cities (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:2:p:76-78

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().