Does "Aggregation Bias" Explain the PPP Puzzle?
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Recently, Imbs et. al. (2002) have claimed that much of the purchasing power parity puzzle can be explained by 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
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美国国家经济研究局创建时间：
2004-02-01
