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Bhushan, Praveen Jangam, author
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...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:3 (2019)
Artikel Jurnal Universitas Indonesia Library