/stochastic trending variables. The proposed tests are applicable to unbalanced heterogeneous panel data. They have a convenient null limit … finite samples in comparison with some existing popular tests for panel models and can be used as an effective evaluation … procedure for panel models …

Using a panel data set for OECD countries we replicate the typical features of the New Keynesian Phillips curve models … (NPCs) that have been estimated on country data. While this corroborates the NPC also on the macro panel data set, a … ; forward-looking price setting ; panel data model ; encompassing …

Using American panel data from the National Educational Longitudinal Study of 1988 (NELS:88) this paper investigates …