Temporal Cross-Section Analysis. American Economic Review 63 (5): 881-892. [2] Anderson, J. E. (1979). A Theoretical … Foundation for the Gravity Equation. American Economic Review 69 (1): 106-116. [3] Baier, S.L., and J.H. Bergstrand (2004 … “, American Economic Review 86(2): 82-87. [9] Carrere, C. (2006). Revisiting the Effects of Regional Trading Agreements on …

economic literature and the explosion in the number of regional agreements among countries has recently stressed the key role … City Economic Review 65, no. 3: 23-10., 1980 [3] Aitken, “The effect of the EEC and EFTA on European trade: a temporal … cross-section analysis “, American Economic Review, 63(5), 1973 [4] Baier, L.S., Bergstrand, J.H, “Do Free Trade …

EEC and EFTA on European trade: a temporal cross- section analysis “, American Economic Review, 63(5), 1973. [2] Anderson … Specification of Gravity Model”, European Economic Review vol. 50, 223- 247, 2006. [10] Cheng I.-H.,Wall, H. “Controlling for …., “Returns to regionalism: an analysis of non traditional gains from regional trade agreements “, World Bank Economic Review, 12 …

Temporal Cross-Section Analysis. American Economic Review 63 (5): 881-892. [2] Anderson, J. E. (1979). A Theoretical … Foundation for the Gravity Equation. American Economic Review 69 (1): 106-116. [3] Baier, S.L., and J.H. Bergstrand (2004 … “, American Economic Review 86(2): 82-87. [9] Carrere, C. (2006). Revisiting the Effects of Regional Trading Agreements on …

economic literature and the explosion of regional agreements among nations has recently stressed the key role of … Flexible Exchange Rates” Federal Reserve Bank of Kansas City Economic Review 65, no. 3: 23-10., 1980 [2] Aitken, “The effect … of the EEC and EFTA on European trade: a temporal cross-section analysis “, American Economic Review, 63(5), 1973 [3 …

EEC and EFTA on European trade: a temporal cross- section analysis “, American Economic Review, 63(5), 1973. [2] Anderson … Specification of Gravity Model”, European Economic Review vol. 50, 223- 247, 2006. [10] Cheng I.-H.,Wall, H. “Controlling for …., “Returns to regionalism: an analysis of non traditional gains from regional trade agreements “, World Bank Economic Review, 12 …

”, American Economic Review 82, 901-921 - Bernanke, B. and I. Mihov, (1998), “Measuring Monetary Policy”, Quarterly Journal of …. Quah, (1989), “The Dynamic Effects of Aggregate Demand and Supply Disturbances”, American Economic Review 79, 655 … Policy”, European Economic Review 36, 975-1000 - Stock, J. and M. Watson, (2001), “Vector Autoregressions”, Journal of …

”, American Economic Review 82, 901-921 - Bernanke, B. and I. Mihov, (1998), “Measuring Monetary Policy”, Quarterly Journal of …. Quah, (1989), “The Dynamic Effects of Aggregate Demand and Supply Disturbances”, American Economic Review 79, 655 … Policy”, European Economic Review 36, 975-1000 - Stock, J. and M. Watson, (2001), “Vector Autoregressions”, Journal of …

economy macro-economic models. On the policy front, PPP based benchmarks have been used to assess levels of exchange rates in … of inflation) and we analyze whether the economic specificities have an influence or not on the long-run real exchange … inflation. • Then, the economic specificities of developing countries make us think that the real exchange rate characteristics …

expenditure and revenue are taken from the European Commission AMECO (Annual Macro-Economic Data) database. 2 The data cover the ….8 9 40.9 45.9 37.1 9 Czech Republic 39.6 41.5 38.1 12 44.8 54.5 41.8 12 Estonia 38.6 46.2 34.7 14 37.1 42.4 32.3 14 ….759 Cyprus -1.470 -12.320 -10.020 -8.848 Czech Republic -1.882 -12.899 -10.880 -9.742 Denmark -2.668 -12.973 -10.819 -9 …