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Testing the purchasing power parity through I(2) cointegration techniques (re...
This paper contributes to the empirical literature on the purchasing power parity (PPP) over the post-Bretton Woods period by providing a time-series based interpretation of the... -
Aggregate vs. disaggregate data analysis—a paradox in the estimation of a mon...
We use Japanese aggregate and disaggregate money demand data to show that conflicting inferences can arise. The aggregate data appears to support the contention that there was... -
Principal components at work: the empirical analysis of monetary policy with ...
The empirical analysis of monetary policy requires the construction of instruments for future expected inflation. Dynamic factor models have been applied rather successfully to... -
Semiparametric estimation of lifetime equivalence scales (replication data)
Pashardes (1991) and Banks et al. (1994) use parametric methods to estimate lifetime equivalence scales. Their approaches put parametric restrictions on the differences in... -
Counterfactual decomposition of changes in wage distributions using quantile ...
We propose a method to decompose the changes in the wage distribution over a period of time in several factors contributing to those changes. The method is based on the... -
Analysis of job-training effects on Korean women (replication data)
We analyse job-training effects on Korean women for the period January 1999 to March 2000, using a large data set of size about 52,000. We employ a number of estimation... -
The effects of the gender of children on expenditure patterns in rural China:...
We analyse expenditure patterns for rural China, focusing on differences between families with boys and girls. The sample includes more than 5000 nuclear families from 19... -
Replication of the results in learning about heterogeneity in returns to scho...
A recent article (Koop and Tobias, 2004) proposes a direct way to characterize the extent of heterogeneity in returns to education. They investigate the adequacy of several... -
Evidence on purchasing power parity from univariate models: the case of smoot...
Recent research has found that trend-break unit root tests derived from univariate linear models do not support the hypothesis of long-run purchasing power parity (PPP) for US...
