Similar Search Results

"Aggregation Bias" DOES Explain the PPP Puzzle

Imbs, Jean - 2005

This article summarizes our views on the role of an "aggregation bias" in explaining the PPP Puzzle, in response to the … 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 …

Persistent link: https://www.econbiz.de/10012467070

Does "Aggregation Bias" Explain the PPP Puzzle?

Chen, Shiu-Sheng - 2004

aggregation bias'. This paper re-examines aggregation bias. First, it clarifies the meaning of aggregation bias and its … applicability to the PPP puzzle. Second, the size of the bias' is shown to be much smaller than the simulations in Imbs et. al …. Finally, it is now standard to recognize that small-sample bias plagues estimates of speeds of convergence of PPP. After …

Persistent link: https://www.econbiz.de/10012468389

Bias in Official Fiscal Forecasts : Can Private Forecasts Help?

Frankel, Jeffrey A. - 2016

; meanwhile private sector forecasters were not subject to this crude bias. As a result, using private sector forecasts as an …

Persistent link: https://www.econbiz.de/10012456327

Returns to Regionalism : An Evaluation of Non-Traditional Gains from RTAs

Fernandez, Raquel - 1997

The last decade has witnessed an explosion in the number of regional trade agreements (RTAs). There seems to be a general if ill-defined belief on the part of many policy-makers, and among a number of academics as well, that there is more to a RTA than the traditional gains from trade. This...

Persistent link: https://www.econbiz.de/10012472851

International Differences in Longevity and Health and their Economic Consequences

Michaud, Pierre-Carl - 2009

In 1975, 50 year-old Americans could expect to live slightly longer than their European counterparts. By 2005, American life expectancy at that age has diverged substantially compared to Europe. We find that this growing longevity gap is primarily the symptom of real declines in the health of...

Persistent link: https://www.econbiz.de/10012463414

Fixed versus Flexible : Lessons from EMS Order Flow

Killeen, William P. - 2001

This paper addresses the puzzle of regime-dependent volatility in foreign exchange. We extend the literature in two ways. First, our microstructural model provides a qualitatively new explanation for the puzzle. Second, we test implications of our model using Europe's recent shift to rigidly...

Persistent link: https://www.econbiz.de/10012470227

Import Diversion under European Antidumping Policy

Vandenbussche, Hylke - 1999

actions is rather limited. This result holds even after controlling for selection-bias in the antidumping investigation …

Persistent link: https://www.econbiz.de/10012471444

Parental Leave and Child Health

Ruhm, Christopher J. - 1998

This study investigates whether rights to paid parental leave improve pediatric health, as measured by birth weights and infant or child mortality. Aggregate data are used for nine European countries over the 1969 through 1994 period. Year and country fixed-effects are held constant and most...

Persistent link: https://www.econbiz.de/10012472254

Wage Gaps vs. Output Gaps : Is There a Common Story for All of Europe?

Gordon, Robert J. - 1987

This paper studies the relationship between real wages and unernployment in Europe. It finds no evidence that high real wages are responsible for the differing behavior of unemployment in Europe as contrasted with the U. S., and across European countries finds patterns of real wage behavior that...

Persistent link: https://www.econbiz.de/10012476613

A Phillips Curve for the Euro Area

Ball, Laurence M. - 2019

This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which is less volatile than the common measure of inflation...

Persistent link: https://www.econbiz.de/10012480393