TThe objective of this paper is to test for the sustainability of the current account deficits in the U.S. and Canada over the 1973--1994 period. Using various unit root and cointegration tests some of which allow for structural changes, we conclude that the real current account deficits-to-GDP...

The goal of this paper is to investigate the relationship between stock and real estate markets via wavelet analysis. Based on wavelet transform, stock price index and REITs index are firstly decomposed into “volatility componentsâ€, that is, the wavelet coefficients. Secondly, we test...

The goal of this paper is to investigate the relationship between stock and real estate markets via wavelet analysis. Based on wavelet transform, stock price index and REITs index are firstly decomposed into “volatility components”, that is, the wavelet coefficients. Secondly, we test the...

Kaufkraftparität und die irische Erfahrung: Einheitswurzel- und Kointegrationstests bei zwei Industrieländern In diesem Beitrag werden Einheitswurzel-/stationäre Prozeß- und Kointegrationstests für die Prüfung der Kaufkraftparität Irlands im Vergleich mit zwei Industrieländern verwendet....