eliminating) the observed home bias …

individuals can exhibit both primacy bias towards the first option and recency bias towards the last option. We examine this …; however, there is also some recency bias, with the last paper listed receiving more views, downloads and cites. The results …

; meanwhile private sector forecasters were not subject to this crude bias. As a result, using private sector forecasts as an …

that have sufficient information to correct for this bias. For the housing market studies, the estimated effect of …

This article summarizes our views on the role of an "aggregation bias" in explaining the PPP Puzzle, in response to the … 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 …

aggregation bias'. This paper re-examines aggregation bias. First, it clarifies the meaning of aggregation bias and its … applicability to the PPP puzzle. Second, the size of the bias' is shown to be much smaller than the simulations in Imbs et. al …. Finally, it is now standard to recognize that small-sample bias plagues estimates of speeds of convergence of PPP. After …

') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …