Qin, Duo (contributor) - 2007
. Implementation of the DF-ECM Approach
The DF-ECM approach is applied to five OECD countries: Canada, France, Germany,
Japan and UK … instability with the only two cases
where the ()REERln term is significant, i.e. the inflation model of Japan and the exchange …
the exchange rate DF-ECMs, e.g. see the cases of France, Germany and Japan in Tables 7,
8 and 9. This feature renders …