Coverart for item
The Resource "Aggregation bias" does explain the PPP puzzle, Jean Imbs ... [et al.], (electronic resource)

"Aggregation bias" does explain the PPP puzzle, Jean Imbs ... [et al.], (electronic resource)

Label
"Aggregation bias" does explain the PPP puzzle
Title
"Aggregation bias" does explain the PPP puzzle
Statement of responsibility
Jean Imbs ... [et al.]
Contributor
Subject
Language
eng
Summary
"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"--National Bureau of Economic Research web site
Member of
Cataloging source
DLC
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Imbs, Jean
  • National Bureau of Economic Research
Series statement
NBER working paper series
Series volume
working paper 11607
http://library.link/vocab/subjectName
  • Foreign exchange rates
  • Purchasing power parity
Label
"Aggregation bias" does explain the PPP puzzle, Jean Imbs ... [et al.], (electronic resource)
Instantiates
Publication
Note
Title from PDF file as viewed on 9/15/2005
Bibliography note
Includes bibliographical references
Control code
ssj0001326501
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Lccn
2005618916
Specific material designation
remote
System control number
(WaSeSS)ssj0001326501
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web
Label
"Aggregation bias" does explain the PPP puzzle, Jean Imbs ... [et al.], (electronic resource)
Publication
Note
Title from PDF file as viewed on 9/15/2005
Bibliography note
Includes bibliographical references
Control code
ssj0001326501
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Lccn
2005618916
Specific material designation
remote
System control number
(WaSeSS)ssj0001326501
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web

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