rate and shows the interaction of the main variables of the monetary sector. -- Cointegration analysis ; impulse response …

policy was satisfied. -- cointegration analysis ; monetary policy ; Markov regime switching analysis ; money demand ; vector …

This paper uses fractional integration and cointegration in order to model the DM/dollar and the yen/dollar real …. -- fractional integration ; fractional cointegration ; real exchange rates …

parameter restrictions. A cointegration analysis for the unified Germany reveals a long rum relationship between real wages … uncertainty. In contrast to previous studies for West Germany, we find that, unemployment is equally determined by technology … ; Cointegration …

This paper investigates whether job stability in western Germany shows any signs of decline and compares the findings …

A test procedure based on ranks is suggested to test for nonlinear cointegration. For two (or more) time series it is … is no cointegration between the time series, the sequences of ranks tend to diverge, whereas under cointegration the … perform better than their parametric competitors. To test for nonlinear cointegration a variable addition test based on ranks …

cointegration tests are applied to the adjusted series. The resulting tests are shown to have known limiting null distributions …

to construct a confidence set for the cointegration rank. As the latter test, our tests are based on the eigenvalues of a … to Johansen's LR tests for determining the cointegration rank. …