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~institution:"National Bureau of Economic Research"
~isPartOf:"Discussion paper / Centre for Economic Policy Research"
~isPartOf:"Journal of econometrics"
~isPartOf:"Labour economics : official journal of the European Association of Labour Economists"
~isPartOf:"NBER working paper series"
~isPartOf:"Research papers / Leverhulme Centre for Research on Globalisation and Economic Policy"
~isPartOf:"Study paper"
~person:"Cumby, Robert E."
~person:"Egger, Peter"
~person:"Flood, Robert P."
~person:"Francois, Joseph F."
~person:"Frankel, Jeffrey A."
~person:"Hartog, Joop"
~person:"Heckman, James J."
~person:"Henry, Michael"
~person:"Marcellino, Massimiliano"
~person:"Obstfeld, Maurice"
~person:"Sala-i-Martin, Xavier"
~subject:"Bildungsertrag"
~subject:"Exchange rate"
~subject:"Internationale Wirtschaft"
~subject:"Returns to education"
~subject:"Schätzung"
~subject:"Ökonometrisches Modell"
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Cumby, Robert E.
Egger, Peter
Flood, Robert P.
Francois, Joseph F.
Frankel, Jeffrey A.
Hartog, Joop
Heckman, James J.
Henry, Michael
Marcellino, Massimiliano
Obstfeld, Maurice
Sala-i-Martin, Xavier
Rose, Andrew K.
26
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17
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15
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12
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10
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9
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9
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9
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8
Chinn, Menzie D.
8
Dornbusch, Rudiger
8
Edwards, Sebastian
8
Froot, Kenneth A.
8
Razin, Assaf
8
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8
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8
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7
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7
Wei, Shang-Jin
7
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6
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6
Glick, Reuven
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Hodrick, Robert J.
6
Ito, Takatoshi
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1
Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach
Doppelhofer, Gernot
-
2000
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10012471000
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2
Consumption Risk and International Asset Returns : Some Empirical Evidence
Cumby, Robert E.
-
1987
The paper examines if real stock returns in four countries are consistent with consumption-based models of international asset pricing. The paper finds that ex-ante real stock returns exhibit statistically significant fluctuations over time and that these fluctuations cannot be explained by...
Persistent link: https://www.econbiz.de/10012476685
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3
Capital Flows, the Current Account, and the Real Exchange Rate : Consequences of Liberalization and Stabilization
Obstfeld, Maurice
-
1984
This paper develops a dynamic framework in which macroeconomic liberalization and stabilization measures of the type recently seen in Latin America can be studied. The model is sufficiently general to cover both polar cases of a closed capital account and free private capital mobility, so the...
Persistent link: https://www.econbiz.de/10012477560
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4
Covered Interest Parity Deviations : Macrofinancial Determinants
Cerutti, Eugenio M.
-
2019
For several decades until the Global Financial Crisis (GFC), Covered Interest Parity (CIP) appeared to hold quite closely--even as a broad macroeconomic relationship applying to daily or weekly data. Not only have CIP deviations significantly increased since the GFC, but potential macrofinancial...
Persistent link: https://www.econbiz.de/10012480075
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5
Is Trade Good or Bad for the Environment? Sorting Out the Causality
Frankel, Jeffrey A.
-
2002
evidence that trade has the detrimental effect on the environment that the race-to-the-bottom
theory
would lead one to expect …
Persistent link: https://www.econbiz.de/10012469508
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6
Natural and Neutral Real Interest Rates : Past and Future
Obstfeld, Maurice
-
National Bureau of Economic Research
-
2023
This paper surveys the decline in real interest rates in advanced and emerging economies over the past several decades, linking that process to a range of global factors that have operated with different force in different periods. The paper argues that estimates of long-run equilibrium real...
Persistent link: https://www.econbiz.de/10014447270
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7
Estimating the Effect of Currency Unions on Trade and Output
Frankel, Jeffrey A.
-
2000
Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...
Persistent link: https://www.econbiz.de/10012470886
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8
The Mirage of Fixed Exchange Rates
Obstfeld, Maurice
-
1995
This paper discusses the profound difficulties of maintaining fixed exchange rates in a
world
of expanding global …
Persistent link: https://www.econbiz.de/10012473688
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9
A Survey of Empirical Research on Nominal Exchange Rates
Frankel, Jeffrey A.
-
1994
Dornbusch 'overshooting'
theory
, in the form of reaction to 'news' and in forecasts at long-run horizons. Nevertheless, at short … volatility under different nominal exchange rate regimes makes us skeptical of the first view. The
theory
and evidence on …
Persistent link: https://www.econbiz.de/10012474046
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10
Shining a Light on Purchasing Power Parities
Pinkovskiy, Maxim
-
2018
study of PPP-adjusted estimates of GDP around the
world
between 1992 and 2010. First, we find that while market exchange … optimal. Using data from the Penn
World
Tables, we find that, indeed, it is optimal to only use the latest price data, and …
Persistent link: https://www.econbiz.de/10012453295
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