(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach …

test for cointegration with the possibility of structural breaks and show how the long-run may be restored in the … estimation. The main finding is that allowing for possible breaks around the formation of EMU and the appreciation of the euro … starting in 2001 helps restore a long run cointegration relationship, where over the sample period the fixed component of the …

test for cointegration with the possibility of structural breaks and show how the long-run may be restored in the … estimation. The main finding is that allowing for possible breaks around the formation of EMU and the appreciation of the euro … starting in 2001 helps restore a long run cointegration relationship, where over the sample period the fixed component of the …

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …-periods. -- Structural exchange rate models ; cointegration ; structural breaks ; switching regression ; time-varying coefficient approach …

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …. -- Structural exchange rate models ; cointegration ; structural breaks ; switching regression ; time-varying coefficient approach …

ignored in existing empirical studies. We use time series and up-to-date panel data techniques to test for cointegration with … the possibility of structural breaks and show how the long run may be restored in the estimation. The main finding is that … run cointegration relationship, where over the sample period the fixed component of the pass-through decreased while the …