This paper surveys the measurement of trade costs: what we know and don't know but may
usefully attempt to learn. Partial and incomplete data on direct measures of costs go with …

We review recent developments in the analysis of price transmission in agricultural markets.
Markets may be separated in time, form, and space (as well as in combinations of such …

A large and growing share of retail prices all over the world are posted online on the
websites of retailers. This is a massive and (until recently) untapped source of retail price …

The central claim in this paper is that by explicitly introducing costs of international trade
(narrowly, transport costs, but more broadly, tariffs, nontariff barriers, and other trade costs) …

Originally propounded by the sixteenth-century scholars of the University of Salamanca, the
concept of purchasing power parity (PPP) was revived in the interwar period in the context of …

This paper examines a two-regime vector error-correction model with a single cointegrating
vector and a threshold effect in the error-correction term. We propose a relatively simple …

This paper looks at real exchange rate behavior by focusing on three OECD economies
(Australia, Canada, and New Zealand) where primary commodities constitute a significant …

This study examines the causal relationship between tourism expansion and economic
growth in two Asian countries: Taiwan and South Korea. An EGARCH-M model with …

We assess the progress made by the profession in understanding real exchange rate
behavior through a selective and critical, but nonetheless expository, review of the literature …

Quantitative Financial Economics Quantitative Financial Economics provides a
comprehensive introduction to models of economic behaviour in financial markets, focusing …