My research at EconPapers, and at IDEAS
My current research is in four areas:
- Quantifying globalization using prices, including the factors affecting the integration of the goods market;
- The importance of deviations from the law of one price in determining real exchange rate movements;
- How exchange rates affect cross-border pricing; and
- Valuing rent-seeking activities such as corporate lobbying and political connections.
Working papers (see below for data)
• Exchange Rate Pass-through in South Africa: Panel Evidence from Individual Goods and Services, November 2010. Data Appendix
• Corporate Lobbying and Financial Performance (with Hui Chen and Ya-Wen Yang), August 2013
• Gauging Exchange Rate Targeting (with Helen Popper), November 2013.
• The Quality of Accounting Information in Politically Connected Firms, (with Paul Chaney, and Mara Faccio), December 2009.
• Understanding real exchange rate movements with trade in intermediate products, (with Helen Popper), (revised) February 2009.
• Slow Passthrough Around the World: A New Import for Developing Countries? (with Jeff Frankel and Shang-Jin Wei), March 2005.
• Sovereign Credit Ratings and International Portfolio Flows (with Amar Gande), October 2004.
• Currency Arrangements and Goods Market Integration: A Price Based Approach (with Shang-Jin Wei), September 2003.
• Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits, NBER Working Paper 5032, February 1995.
Click here for recent Publications
Working Paper versions of recent published papers
• In Search of a Euro Effect: Big Lessons from a Big Mac Meal? (with Shang-Jin Wei), 2008, Journal of International Money and Finance, Volume 27(2), p. 260-276, (August 2007 version).
• Accounting For Real Exchange Rate Changes in East Asia, 2007, Journal of International Money and Finance, Volume 26, p. 1355-1377.
• Exchange Rate Pegs and Exchange Rate Exposure in East and South East Asia (with Helen Popper) 2006, Journal of International Money and Finance, Volume 25, p. 992-1009
• News Spillovers in the Sovereign Debt Market (with Amar Gande), 2005, Journal of Financial Economics, 75(3), pp. 691-734.
• Aggregate Price Changes and Dispersion: A Comparison of the Equity and Goods and Services Markets (with Helen Popper), link to: Contributions to Macroeconomics, 4(1), Article 1.
• Exchange Rate Pass-Through in a Small Open Economy: Panel Evidence from Hong Kong, International Journal of Finance and Economics, 2003, Volume 8, Number 1, pp. 1-9.
• Pricing in International Markets: A Small Country Benchmark - Review of International Economics, 12(3), 509-24, 2004.
1. Japanese & US prices (Journal of International Economics, 2001, v55, p. 87-105).
This data set consists of quarterly prices (i.e., price levels!) of 27 (matched) goods, in Japan & the US, for a sample of 96 cities (48 in each country), range: 76.1-97.4. The prices are sampled at a point in time, and represent average prices over a small number of retail outlets in each city in each country.
2. US Prices (Quarterly Journal of Economics, 1996, v111, p. 1211-1236).
This data set consists of quarterly prices (again not indexes!) of 51 goods, in 48 US cities, from 75.1-92.4. The prices are sampled at a point in time, and represent average prices over a small number of retail outlets in each city.
3. Hong Kong Import unit values, (Int. J. of Fin. & Econ., 2003, 8(2), 99-108), 21 5-digit commodities, 8 countries (annual 1992-2000).
The data are unit values for a sample of 21 very disaggregated homogenous goods imported from the 8 largest trading partners.
4. Hong Kong Exports, (Review of Int. Economics, 2004, 12(3), 509-24), 29 5-digit commodities, 9 countries (annual 1992-2000).
The data are in excel spreadsheets (see HKTRADE.xls for a key). There are value and volume data for Hong Kong's exports of a sample of 30 goods exported to the top 9 destinations (excluding China).
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