Understanding Movements in Aggregate and Product-Level Real-Exchange Rates ∗

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Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (2013, unknown): “This largely eliminates the selection effect and yields a model that is quite similar to the Calvo model. Midrigan (2011) presents several pieces of empirical evidence from the Dominick’s scanner data that point towards a weaker selection effect than Golosov and Lucas’ model implies. First, Midrigan”
The International Price System (2015, unknown): “Burstein and Jaimovich (2008) present evidence using data for the United States and Canada.”
International Prices, Costs, and Markup Differences (2011, background): “Recent evidence presented by Doireann Fitzgerald and Stefanie Haller (2008) and Burstein and Jaimovich (2008) seem to confirm that wholesale prices can vary significantly across destination, even for goods manufactured in the same plant (same country).”
Pricing-to-Market: Evidence From Plant-Level Prices (2014, background): “To do so, we estimate reduced form approximations to both (4) and (5).”
International Prices and Exchange Rates (2013, unknown): “5Relatedly, Burstein and Jaimovich (2008) argue that even if countries are ex-ante symmetric, a border effect can result from region-specific shocks that are more correlated within countries than across countries.”