Replication data for: International Prices, Costs, and Markup Differences

Gita Gopinath, Chang-Tai Hsieh, Pierre-Olivier Gourinchas & Nicholas Li
Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this variation into relative costs and markup components. The high correlation of nominal and real exchange rates is driven mainly by changes in relative costs. National borders segment markets. Retail prices respond to changes in costs in neighboring stores within the...
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