2009, English, Article, Journal or magazine article edition: Unbiased estimation of the half-life to price index convergence among U.S. cities Nath, Hiranya; Sarkar, Jayanta

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/169752508
Physical Description
  • journal article
Published
  • Wiley-Blackwell Publishing, Inc., 2009
Language
  • English

Edition details

Title
  • Unbiased estimation of the half-life to price index convergence among U.S. cities
Author
  • Nath, Hiranya
  • Sarkar, Jayanta
Published
  • Wiley-Blackwell Publishing, Inc., 2009
Physical Description
  • journal article
Subjects
Summary
  • Estimates of the half-life to convergence of prices across a panel of cities are subject to bias from three potential sources: inappropriate cross-sectional aggregation of heterogeneous coefficients, presence of lagged dependent variables in a model with individual fixed effects, and time aggregation of commodity prices. This paper finds no evidence of heterogeneity bias in annual CPI data for 17 U.S. cities from 1918 to 2006, but correcting for the “Nickell bias” and time aggregation bias produces a half-life of 7.5 years, shorter than estimates from previous studies.
Language
  • English
Related Resource
Identifier
  • oai:eprints.qut.edu.au:44483

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • QLD (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment