Price Level Convergence Among United States Cities: Lessons for the European Central Bank

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Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market (2001, methodology): “A possible criticism of this approach is that the convergence results are not invariant to the choice of the numeraire country (see Papell (1997), Wei and Parsley (1995), Cecchetti et al (2000)).”
The law of one price: intranational evidence for Canada (2003, background): “…lends support to Maddala and Wu’s (1999) warning 7 Research for the U.S. suggests prices of non-traded products could also contribute to the apparent non-stationarity of the relative intercity CPI series (Tootell 1992) or their extremely slow rates of convergence (Cecchetti, Mark, and Sonora 2000).”
Price Level Convergence, Relative Prices, and Inflation in Europe (2001, unknown): “Canzoneri, Cumby, Diba, and Eudey (2000) and Cecchetti, Mark, and Sonora (2000) use price index data, and so cannot make direct comparisons of price levels at any point in time.”
Price differentials in monetary unions: The role of fiscal shocks (2007, background): “While casual observation suggests that differentials in price dynamics are relatively small and die out quickly in the US ‐ a result recently challenged by Cecchetti et al. (2002) ‐ the maximum inflation differential in the Euro area was above 2% for each of the last three years, inflation differe”