DOES ‘AGGREGATION BIAS’ EXPLAIN THE PPP PUZZLE?

Author:

Chen Shiu-Sheng,Engel Charles

Publisher

Wiley

Subject

Economics and Econometrics

Reference17 articles.

1. ‘Exactly Median-Unbiased Estimation of First Order Autoregressive/Unit Root Models’;Andrews;Econometrica,1993

2. ‘Approximately Median-Unbiased Estimation of Autoregressive Models’;Andrews;Journal of Business and Economic Statistics,1994

3. ‘An Unbiased Appraisal of Purchasing Power Parity’;Cashin;IMF Staff Papers,2003

4. Choi, C.-Y. , N. C. Mark and D. Sul (2003) The Dominance of Downward Bias in Half-Life Estimates of PPP Deviations, Working Paper, University of Notre Dame.

5. Crucini, M. J. and M. Shintani (2002) Persistence in Law-of-One-Price Deviations: Evidence from Micro-Data, Working Paper. Vanderbilt University.

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