null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …

the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …

period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and nonlinearity of … both series are found to vary considerably across states, whilst the fractional cointegration analysis suggests that a long …

. -- Term structure ; long memory ; fractional integration ; fractional cointegration …

applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

This paper examines several US monthly financial time series data using fractional integration and cointegration … exploiting recent developments in fractional cointegration allows to investigate in greater depth the relationships between …. -- Fractional integration ; long-range dependence ; fractional cointegration ; financial data …

including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … demand equation is sufficient, at least as a rough indication. -- Money demand ; inflation ; excess liquidity ; cointegration …

July 2010. The empirical findings indicate that the stochastic properties of the two series are such that cointegration …