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Topics I. MODELS OF EXCHANGE RATES *Rogoff, Kenneth, "Dornbusch’s Overshooting Model After Twenty-Five Years," IMF Staff Papers 49, Special Issue, 2002 (35 pages). (This link is to a slightly earlier version that will give you a higher quality printout.) *Obstfeld and Rogoff: pp. 513-530. Frankel, Jeffrey, and Andrew Rose, 1995, "Empirical Research on Nominal Exchange Rates," in G Grossman and K Rogoff (eds), Handbook of International Economics, vol. 3 (Elsevier). Rogoff, Kenneth and Vania Stavrakeva, “The Continuing Puzzle of Short-Horizon Exchange Rate Forecasting,” manuscript, Harvard University, July 30, 2008. Il. THE PURCHASING POWER PARITY PUZZLE AND RELATED PUZZLES *Kenneth Rogoff, “The Purchasing Power Parity Puzzle,” Journal of Economic Literature 34, June 1996, 647-68. *Obstfeld and Rogoff: pp. 199-225. Imbs, Jean, Haroon Mumtaz, Morton O. Ravn, and Helene Rey, “PPP Strikes Back: Aggregation and the Real Exchange Rate,” Quarterly Journal of Economics 120(1): 1-43. Goldberg, Penny K. and Michael Knetter, “Goods Prices and Exchange Rates: What Have We Learned?” Journal of Economic Literature 35 (September 1997): 1243-72. Taylor, Alan, M., “Potential Pitfalls for the Purchasing-Power Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price,” Econometrica 69(2) (March 2001): 473-98. Reidel, Demian and Jan Szilagyi, “A Biased View of PPP,” manuscript, Harvard University, February 2005. *Gopinath, Gita and Ricardo Rigobon, “Sticky Borders,” Quarterly Journal of Economics 123(2): 531-575. HOUSE_OVERSIGHT_019398