We investigate bilateral trade flows across the EU-15 countries from 1962 to 2003 by different specifications of the gravity model. We augment the basic gravity model with population and exchange rate variables, and then include time-varying country fixed effects, to account for Anderson and van...

This paper investigates the long-run relationships within a set of six quarterly time-series on the Austrian economy by means of cointegration. After analyzing the univariate properties, especially with respect to the appropriate seasonal filter, the maximum-likelihood method proposed by...

The class of conditionally heteroscedastic models known as 'augmented ARCH' encompasses most liear 'ARCH'-type models found in the literature and, in particular, two basic ARCH variants for autocorrelated series: Engle (1982) explains conditional variance by lagged errors, Weiss (1984) also by...