The "price puzzle" reconsidered

254 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.

Identifying the interdependence between US monetary policy and the stock market (2005, unknown): “17 Hanson (2004) obtains the most favorable results in reducing the prize puzzle by using the Commodity Research Bureau spot commodity price index.”
Commodity Prices, Interest Rates and the Dollar (2009, background): “Hotelling (1931). The lower supply of commodities would contribute to raising their prices.”
The effects of quasi-random monetary experiments (2020, result): “However, in line with the well-known “price puzzle” literature (e.g., Eichenbaum 1992; Sims 1992; Hanson 2004), we found that there was substantial instability in the coefficients of the control variables, and that this finding was driven by the postwar high-inflation period of the 1970s.”