Showing 1 - 10 of 124
econometric advancements, shifting focus to direct measures of biodiversity, filling the knowledge gap on the effect of protected …
Persistent link: https://www.econbiz.de/10014437004
') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …
Persistent link: https://www.econbiz.de/10012471319
observed home bias …
Persistent link: https://www.econbiz.de/10012466448
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 …
Persistent link: https://www.econbiz.de/10012467070
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 …
Persistent link: https://www.econbiz.de/10012468389
; meanwhile private sector forecasters were not subject to this crude bias. As a result, using private sector forecasts as an …
Persistent link: https://www.econbiz.de/10012456327
that have sufficient information to correct for this bias. For the housing market studies, the estimated effect of …
Persistent link: https://www.econbiz.de/10012456397
Research which explores unchartered waters has a high potential for major impact but also carries a higher uncertainty of having impact. Such explorative research is often described as taking a novel approach. This study examines the complex relationship between pursuing a novel approach and...
Persistent link: https://www.econbiz.de/10012456495
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 …
Persistent link: https://www.econbiz.de/10012457525
This paper analyses the effects of fiscal policies on rates of interest and wealth in the world economy. Uncertainty concerning the length of life yields an equilibrium in which private and social rates of discount differ and budget deficits exert real effects. It is shown that a current budget...
Persistent link: https://www.econbiz.de/10012477559