period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … effective real exchange rate in the SUR system does not substantially alter the results. -- Panel causality tests ; budget …

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary … and external imbalances and inflation as relevant determinants of sovereign yields. -- long-term yields ; panel …

panel model using a system of generalized method of moments (SYS-GMM) to address the risk of endogeneity bias in the …

panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows …

country. We employ the panel Granger causality testing approach of Konya (2006) that is based on SUR systems and Wald tests … panel member separately by taking into account the contemporaneous correlation across countries. Using annual data over the …