[The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?]: Comment

By Charles M. Engel. NBER macroeconomics annual, 2000

211 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/6df602b54ee79555d683c22a1a45e3b1a9ed647f

Citations in the corpus

• Economic Effects of Sustained Budget Deficits (2003, unknown): “Over the long-term, between 25 percent and 40 percent of changes in national saving tend to be offset by net international capital flows (CBO 1997, Dornbusch 1991, Feldstein and Bacchetta 1991, Feldstein and Horioka 1980, Obstfeld and Rogoff 2000).”
• Can the Standard International Business Cycle Model Explain the Relation between Trade and Comovement? (2005, unknown): “Our trade-comovement puzzle is different from the six puzzles in international macroeconomics that Obstfeld and Rogoff (2001) identify.”
• Exchange Rate Pass-Through in the Euro Area: The Role of Asymmetric Pricing Behavior (2004, unknown): “22 Obstfeld and Rogoff (2000a) provide extensive evidence that the terms of trade declines with a currency depreciation—an observation that appears at odds with the implications of strict LCP models.”
• The causal impact of common native language on international trade: Evidence from a spatial regression discontinuity design: evidence from a spatial regression discontinuity design (2015, unknown): “The right-hand-side 1The first question is one of six major puzzles in international macroeconomics (Obstfeld and Rogoff, 2001).”
• On the Conservation of Distance in International Trade (2004, unknown): “Obstfeld and Rogoff (2000) show that trade costs can explain six of the major empirical puzzles that international macroeconomists have struggled with for 25 years.”
• Financial Globalization and Economic Policies (2009, unknown): “38 Obstfeld and Rogoff (2001) emphasize the importance of frictions related to trade costs (broadly defined) for explaining a number of puzzles in international macroeconomics.”
• Nonlinearity in Deviations from Uncovered Interest Parity: An Explanation of the Forward Bias Puzzle (2006, unknown): “…on their fundamentals in a way that reversion towards international parity conditions is a function of the size of the deviation from the parity conditions themselves – e.g., see Dumas (1992, p. 174, Equation 23); see also Baldwin (1990), Hollifield and Uppal (1995) and Obstfeld and Rogoff (2000).”
• Exchange Rate Volatility and Productivity Growth: The Role of Financial Development (2009, unknown): “[51] Obstfeld, Maurice and Kenneth Rogo¤ (2000), "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?" NBER Macroeconomics Annual 15.”