This paper provides a new approach to testing cointegration parameters in a single-equation cointegration environment … errors using fixed bandwidth (fixed-b) asymptotic theory and adapting it to the cointegration environment. It is shown that … bandwidth or kernel used, even if the regressors in the cointegration relationship are endogenous. Using asymptotic power and …

Malaysia have affected the transmission channels of monetary policy and their ability to achieve the ultimate goals of …

in many situations. Since cointegration is invariant to temporal aggregation and implies Granger causality this paper …

cointegration to hold in the aggregate relationship. We also develop an estimation and testing framework to verify whether the … derive the asymptotic measure of the degree of non cointegration of the aggregated estimate and we provide estimation and … condition is met. Secondly, we analyze the case when cointegration doesn't carry through the aggregation process, investigating …