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Do prices converge among indonesian cities? an empirical analysis

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We investigate consumer price convergence for 82 Indonesian cities using monthly data from 2014 to 2019. To do so, we employ recent techniques of club convergence and weak sigma convergence. The results reveal, first, consumer price divergence, implying price rigidities across the cities. Second, we find four clubs, suggesting that Indonesian cities converge along four unique transition paths. Third, we find weak evidence of consumer price convergence, suggesting that prices among Indonesian cities adjust, but not freely. Policy should therefore consider unique convergence paths for each club to promote stronger consumer price convergence.

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Ketersediaan

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Informasi Detail

Judul Seri

Bulletin of Monetary Economics and Banking

No. Panggil

332.46 Bul

Penerbit

Jakarta : Bank Indonesia., 2019

Deskripsi Fisik

p. 239-262

Bahasa

English

ISBN/ISSN

1410-8046

Klasifikasi

332.46

Tipe Isi

text

Tipe Media

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Tipe Pembawa

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Edisi

Vol. 22, No. 3 (2019)

Subjek

MONETARY POLICY

Info Detail Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

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