PRICE FLEXIBILITY AND THE "LAW OF ONE PRICE" SOME EVIDENCE ON THE RELATIONSHIP BETWEEN CANADIAN AND U.S. INDUSTRIAL PRICES, 1956-1975

MICHAEL DAVID BORDO; EHSAN U Choudhri

doi:10.1108/eb028641

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PRICE FLEXIBILITY AND THE "LAW OF ONE PRICE" SOME EVIDENCE ON THE RELATIONSHIP BETWEEN CANADIAN AND U.S. INDUSTRIAL PRICES, 1956-1975

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PRICE FLEXIBILITY AND THE "LAW OF ONE PRICE" SOME EVIDENCE ON THE RELATIONSHIP BETWEEN CANADIAN AND U.S. INDUSTRIAL PRICES, 1956-1975

MICHAEL DAVID BORDO and EHSAN U Choudhri

Studies in economics and finance (Charlotte, N.C.), Vol.8(1), pp.25-50

01/01/1984

DOI: https://doi.org/10.1108/eb028641

Abstract

How well does the "Law of One Price" operate across countries? Interest in this question has been stimulated by the Monetary Aproach to the Balance of Payments (Frenkel and Johnson (1975)) which uses the law to determine the price of traded goods in open economies.

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Title: PRICE FLEXIBILITY AND THE "LAW OF ONE PRICE" SOME EVIDENCE ON THE RELATIONSHIP BETWEEN CANADIAN AND U.S. INDUSTRIAL PRICES, 1956-1975
Creators: MICHAEL DAVID BORDO - Professor of Economics, University of South Carolina
EHSAN U Choudhri - Associate Professor of Economics, Carleton University, Ottawa, Canada
Publication Details: Studies in economics and finance (Charlotte, N.C.), Vol.8(1), pp.25-50
Date published: 01/01/1984
Publisher: MCB UP Ltd
Academic Unit: Economics (SAS)
Language: English
Resource Type: Journal article
Identifiers: 991031664298704646