Convergence in retail gasolina: Insights from Canadian cities
This paper investigates the extent of convergence club formation in retail gasoline prices. Our study provides new insights through the use of a large disaggregated panel database for Canada that comprises three types of gasoline grades, namely regular, medium and premium, for a sample of 44 cities over a period of almost two decades. The […]
Interest rate convergence across maturities: Evidence from bank data in an emerging market economy
Against a background of financial liberalisation reforms, we assess the extent of market integration and competition in Colombian retail deposits and loans markets. We employ a dataset comprising bank-level interest rate data for different financial products across a range of banks. We utilise and further develop the Phillips and Sul convergence club approach by estimating […]
The effects of FX-interventions on forecasters disagreement: A mixed data sampling view
We analyse the heterogeneity of exchange rate forecasts by a panel of professional forecasters. Adopting the view that forecasters’ economic behaviour is such that they constantly collect, process and analyse relevant information when producing forecasts, we apply a Mixed-Data Sampling (MIDAS) regression approach. This enables us to explore the roles played by key drivers for […]
Asymmetric behaviour and the 9-ending pricing of retail gasoline
Using daily unleaded gasoline data for almost the totality of Western Australian retail outlets over twentyyears, we find that retail prices are most rigid when they are 9-ending as opposed to other price endings.Upward rigidity from a 9-ending retail price is found to be greater than downward rigidity in terms of a lowernumber of price […]
Convergence in retail gasoline prices: insights from Canadian cities
This paper investigates the extent of convergence club formation in retail gasoline prices. Our study provides new insights through the use of a large disaggregated panel database for Canada that comprises three types of gasoline grades, namely regular, medium and premium, for a sample of 44 cities over a period of almost two decades. The […]