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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w11607 |
来源ID | Working Paper 11607 |
\"Aggregation Bias\" DOES Explain the PPP Puzzle | |
Jean Imbs; Haroon Mumtaz; Morten O. Ravn; Hélène Rey | |
发表日期 | 2005-09-12 |
出版年 | 2005 |
语种 | 英语 |
摘要 | This article summarizes our views on the role of an "aggregation bias" in explaining the PPP Puzzle, in response to the several papers recently written in reaction to our initial contribution. We discuss in particular the criticisms of Imbs, Mumtaz, Ravn and Rey (2002) presented in Chen and Engel (2005). We show that their contentions are based on: (i) analytical counter-examples which are not empirically relevant; (ii) simulation results minimizing the extent of "aggregation bias"; (iii) unfounded claims on the impact of measurement errors on our results; and (iv) problematic implementation of small-sample bias corrections. We conclude, as in our original paper, that "aggregation bias" goes a long way towards explaining the PPP puzzle. |
主题 | Econometrics ; Estimation Methods ; International Economics ; International Finance ; Trade |
URL | https://www.nber.org/papers/w11607 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569252 |
推荐引用方式 GB/T 7714 | Jean Imbs,Haroon Mumtaz,Morten O. Ravn,et al. \"Aggregation Bias\" DOES Explain the PPP Puzzle. 2005. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w11607.pdf(365KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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