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Aggregation is not the solution: the PPP puzzle strikes back
16 references·4 citing·54 second hop
Aggregation is not the solution: the PPP puzzle strikes back (2009)Aggregation is not the solution: the PPP …Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure (2006)Estimation and Inference in L…Some Evidence on the Importance of Sticky Prices (2004)Some Evidence on the Importan…The purchasing power parity persistence paradigm (2002)The purchasing power parity p…Some Evidence on the Importance of Sticky Prices (2002)Some Evidence on the Importan…PPP Strikes Back: Aggregation And the Real Exchange Rate (2002)PPP Strikes Back: Aggregation…Dynamic Panel Estimation and Homogenity Testing Under Cross Section Dependence (2002)Dynamic Panel Estimation and …Nonlinear Mean‐Reversion in Real Exchange Rates: Toward a Solution To the Purchasing Power Parity Puzzles (2001)Nonlinear Mean‐Reversion in R…The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? (2000)The Six Major Puzzles in Inte…Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?" (2000)Comments on Obstfeld and Rogo…Small-sample Confidence Intervals for Impulse Response Functions (1998)Small-sample Confidence Inter…Transactions Costs and Nonlinear Adjustment in Real Exchange Rates; An Empirical Investigation (1997)Transactions Costs and Nonlin…The Purchasing Power Parity Puzzle (1996)The Purchasing Power Parity P…Estimating long-run relationships from dynamic heterogeneous panels (1995)Estimating long-run relations…Approximately Median-Unbiased Estimation of Autoregressive Models (1994)Approximately Median-Unbiased…Long memory relationships and the aggregation of dynamic models (1980)Long memory relationships and…Statistical inference for a random coefficient autoregressive model (1978)Statistical inference for a r…On the Empirical Failure of Purchasing Power Parity Tests (2014)On the Empirical Failure of P…HETEROGENEOUS DYNAMICS, AGGREGATION, AND THE PERSISTENCE OF ECONOMIC SHOCKS (2013)HETEROGENEOUS DYNAMICS, AGGRE…Purchasing Power Parity in Tradable Goods (2012)Purchasing Power Parity in Tr…Aggregate real exchange rate persistence through the lens of sectoral data (2011)Aggregate real exchange rate …Biases in Dynamic Models with Fixed Effects (1981)Economic Growth in a Cross Section of Countries (1989)Economic Growth in a Cross Section of Countries (1991)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Staggered Prices in a Utility-Maximizing Framework (1996)The Science of Monetary Policy: A New Keynesian Perspective (1999)Implications of rational inattention (2003)Five Facts about Prices: A Reevaluation of Menu Cost Models * (2008)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2010)Markups and Firm-Level Export Status (2012)Fractional Brownian Motions, Fractional Noises and Applications (1968)Time Series Analysis: Forecasting and Control (1977)AN INTRODUCTION TO LONG‐MEMORY TIME SERIES MODELS AND FRACTIONAL DIFFERENCING (1980)A long memory property of stock market returns and a new model (1993)Fractionally integrated generalized autoregressive conditional heteroskedasticity (1996)A Simple Approximate Long-Memory Model of Realized Volatility (2008)Expectations and Exchange Rate Dynamics (1976)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Empirical exchange rate models of the seventies (1983)Pooled Mean Group Estimation of Dynamic Heterogeneous Panels (1999)Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence (2000)The New Politics of the Welfare State (2001)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Statistical analysis of cointegration vectors (1988)A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle (1989)The Purchasing Power Parity Debate (2004)Exchange Rates and Fundamentals (2005)Multiproduct Firms and Trade Liberalization (2011)Trends and random walks in macroeconomic time series (1988)Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Costly capital reallocation and the effects of government spending (1998)What are the effects of monetary policy on output? 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References

  • 1995Estimating long-run relationships from dynamic heterogeneous panels5,474 cited
  • 2006Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure5,067 cited
  • 1996The Purchasing Power Parity Puzzle2,939 cited
  • 2000The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?2,067 cited
  • 2004Some Evidence on the Importance of Sticky Prices1,579 cited
  • 1980Long memory relationships and the aggregation of dynamic models1,448 cited
  • 2002Some Evidence on the Importance of Sticky Prices1,323 cited
  • 2002Dynamic Panel Estimation and Homogenity Testing Under Cross Section Dependence1,265 cited
  • 2001Nonlinear Mean‐Reversion in Real Exchange Rates: Toward a Solution To the Purchasing Power Parity Puzzles1,004 cited
  • 1998Small-sample Confidence Intervals for Impulse Response Functions919 cited
  • 1997Transactions Costs and Nonlinear Adjustment in Real Exchange Rates; An Empirical Investigation750 cited
  • 2002PPP Strikes Back: Aggregation And the Real Exchange Rate478 cited
  • 1994Approximately Median-Unbiased Estimation of Autoregressive Models428 cited
  • 1978Statistical inference for a random coefficient autoregressive model273 cited
  • 2000

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Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
256 cited
  • 2002The purchasing power parity persistence paradigm248 cited
  • Cited by

    • 2012Purchasing Power Parity in Tradable Goods18 cited
    • 2011Aggregate real exchange rate persistence through the lens of sectoral data16 cited
    • 2013HETEROGENEOUS DYNAMICS, AGGREGATION, AND THE PERSISTENCE OF ECONOMIC SHOCKS10 cited
    • 2014On the Empirical Failure of Purchasing Power Parity Tests10 cited