@techreport{Cheung2005Cross,
abstract = {Using annual data on nine manufacturing sectors of eighteen OECD countries, the article studies the implications of market structure for cross-country relative price variability. It is found that, in accordance with predictions from a standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are associated
with greater variability of cross-country relative prices. The market structure also has similar effects on components of cross-country relative price variability. The empirical findings are robust to the inclusion of various control variables and alternative sample specifications.},
author = {Yin-Wong Cheung and Eiji Fujii},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F31; F41; 330; relative price volatility; market structure; price-cost margin; variance decomposition; Relativer Preis; Volatilit\"{a}t; Verarbeitendes Gewerbe; Internationaler Preiszusammenhang; Marktstruktur; Internationaler Wettbewerb; Sch\"{a}tzung; OECD-Staaten},
language = {eng},
number = {1456},
title = {Cross-country relative price volatility : effects of market structure},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18820},
year = {2005}
}
