39. In the Taylor-Taylor paper (#2), one possible solution to one of the PPP puzzles is to:

O a.

consider the fact that the shocks influences decay within a few days, according to econometric estimates

O b.

consider the nonlinearities involved in arbitrage

O c.

none of these answers

O d. consider more than one country

O e.

consider the fact that the shocks influences decay within a few years, according to econometric estimates

O f.

consider a longer data time period