is constructed for the German monetary sector based on M3, GNP, an inflation rate, a long-term interest rate and a short …-term rate which represents the policy variable of the DBB. Moreover, import price inflation is included as an exogenous variable …

panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …

within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro …

first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …

measures of inflation expectations for five inflation targeting countries (UK, Canada, Australia, New Zealand, Sweden) over the … PPP. Moreover, inflation expectations play an important role, with survey-based ones having a more sizable effect than … fluctuations effectively. The inflation targeting framework might be especially appropriate for this purpose. …

) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible … trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …

integration ; misalignment ; second-generation panel unit-root and cointegration tests …