"Aggregation bias" does explain the PPP puzzle
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The work "Aggregation bias" does explain the PPP puzzle represents a distinct intellectual or artistic creation found in Bates College. This resource is a combination of several types including: Work, Language Material, Books.
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"Aggregation bias" does explain the PPP puzzle
Resource Information
The work "Aggregation bias" does explain the PPP puzzle represents a distinct intellectual or artistic creation found in Bates College. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- "Aggregation bias" does explain the PPP puzzle
- Statement of responsibility
- Jean Imbs ... [et al.]
- 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
- Cataloging source
- DLC
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- Series statement
- NBER working paper series
- Series volume
- working paper 11607
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bates.edu/resource/0F8IPo_CKCs/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bates.edu/resource/0F8IPo_CKCs/">"Aggregation bias" does explain the PPP puzzle</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bates.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.bates.edu/">Bates College</a></span></span></span></span></div>
