Lee, Jun; Gomez, Miguel I. - Charles H. Dyson School of Applied Economics and … - 2011
in France, Germany and the United States, taking into account the existence of long-run threshold effects and short …-run price transmission asymmetries (PTAs). We find evidence of threshold effects in both periods (EQS and post-EQS) in the three …. Our results indicate that the threshold values become smaller and the long-run speed of adjustment decreases during the …