Renminbi's misalignment: A meta-analysis

Is the evidence for PPP reliable? A sustainability examination of the stationarity of real exchange rates

“…Recent applications of the meta analysis in economics and finance can be found it in Anger et al (2010), Bineau (2010), Brons et al (2008), and Egert and Halpern (2006). This section relies on some of the regression analysis used in Bineau (2010) and Egert and Halpern (2006). The authors thank Ike Mathur (the editor) for his guidance in helping us to find and use these references.…”

“…9 We are grateful to a referee who suggested further investigation of the findings along the lines similar to a meta analysis which may analyze various controversial issues (such as PPP) in a more statistically valid ways by using different sample periods, methodologies, and other means. Recent applications of the meta analysis in economics and finance can be found it in Anger et al (2010), Bineau (2010), Brons et al (2008), and Egert and Halpern (2006). This section relies on some of the regression analysis used in Bineau (2010) and Egert and Halpern (2006).…”

Truths and Myths About RMB Misalignment: A Meta-analysis

“…2 Dunaway et al (2009) report that the RMB misalignment estimate is quite sensitive to the assumptions underlying the estimation methods. Based on the available empirical studies, Bineau (2010) and Korhonen and Ritola (2011) found that the reported RMB misalignment estimates were associated with certain study characteristics such as the definition of the RMB exchange rate, the choice of theoretical frameworks and estimation methods, publication types and author affiliations.…”

“…Instead, we consider the variation of RMB misalignment estimates in terms of the association between their heterogeneity and characteristics of corresponding studies. In this spirit, we extend the meta-analyses of Bineau (2010) and Korhonen and Ritola (2011) to investigate whether the empirical RMB misalignment estimates vary systematically with one or more study characteristics.…”

Monetary Policy and Macroprudential Policy: New Evidence from a World Panel of Countries

“…The regression model takes the following form:where Φ 3 indicates the response to financial conditions in the rule, Φ 1 is the response to the deviation of inflation from its target in the rule, Φ 2 is the response to the output gap in the rule, mp indicates the type of macroprudential instrument, Target denotes the type of financial target in the rule, and Country denotes the type of country represented (emerging vs advanced). The analysis applies the simple ordinary least squares (OLS) methodology (Bineau, ), while it standardizes the variables by subtracting from each observation the mean, and dividing this difference by the standard deviation of all observations. The results, based on different variants, are reported in Table .…”