Border Prices and Retail Prices
Border Prices and Retail Prices
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边境价格和零售价格
DOI：
10.2139/ssrn.1420282
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发表时间：
2009
影响因子：
1.2
通讯作者：
J. Rogers
中科院分区：
文献类型：
--
作者：
David Berger;Jon Faust;J. Rogers
我们分析了美国劳工统计局（BLS）CPI和IPP数据库中特定商品的零售价格和码头（进口）价格，同时使用这两个数据库来识别在码头和零售时描述相同的商品。这种识别使我们能够衡量与将贸易货物从进入美国的地点带到其零售点相关的分销楔形。我们发现，美国的总体分布楔形为50- 70%，比文献报道的高出约10 - 20个百分点。我们讨论了这对衡量“纯”贸易部门的规模，汇率传递，和真实的汇率决定的影响。我们发现，分布楔形是非常稳定的，随着时间的推移，但有相当大的变化，跨项目。对于我们的主要贸易伙伴来说，进口商品的原产国之间存在一些差异，但没有商品之间的差异那么大。我们还调查了分布楔形的决定因素，发现楔形不随汇率系统地变化，但与微观数据的其他功能。
We analyze retail prices and at-the-dock (import) prices of specific items in the Bureau of Labor Statistics' (BLS) CPI and IPP databases, using both databases simultaneously to identify items that are identical in description at the dock and when sold at retail. This identification allows us to measure the distribution wedge associated with bringing traded goods from the point of entry into the United States to their retail outlet. We find that overall U.S. distribution wedges are 50–70%, around 10 to 20 percentage points higher than that reported in the literature. We discuss the implications of this for measuring the size of the “pure” tradeables sector, exchange rate pass-through, and real exchange rate determination. We find that distribution wedges are very stable over time but there is considerable variation across items. There is some variation across the country of origin for the imported item, for our major trading partners, but not as much as the cross-item variation. We also investigate the determinants of distribution wedges, finding that wedges do not vary systematically with exchange rates, but are related to other features of the micro data.