Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"

By Charles M. Engel. 2000

771 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Panel Data Models With Interactive Fixed Effects (2009, methodology): “Recently, using a similar model, Giannone and Lenza (2005) provide an explanation for the Feldstein-Horioka puzzle, one of the six puzzles in international macroeconomics (Obstfeld and Rogoff 2000).”
Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe (2001, neutral): “Rose and Engel (2000) argue that membership of a CU is correlated with business cycles symmetry by a factor of 0.1.”
Solving for Country Portfolios in Open Economy Macro Models (2007, background): “This equation, together with (22), can be solved to yield expressions for ξt+1 and r̂xt+1 in terms of the exogenous 14As in many open economy macro models, there will be a unit root in the dynamics of net foreign assets, Wt.”
The Role of Portfolio Constraints in the International Propagation of Shocks (2008, methodology): “, Obstfeld and Rogoff (2000) and Samuelson (1954)), and we hence adopted the more parsimonious specification.”
A Habit-Based Explanation of the Exchange Rate Risk Premium (2010, neutral): “Obstfeld & Rogoff (2000) assume a conservative trade cost of 25%.”