interdependency of national monetary policies, which is sometimes measured by the degree of inflation transmission across borders. In … this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U …

This paper revisits the Fisher hypothesis by estimating fractional integration and cointegration models that are more …, linking nominal interest rates to inflation; however, there is no evidence of the full adjustment of the former to the latter …

We consider VAR models for variables exhibiting cointegration and common cyclical features. While the presence of … cointegration reduces the rank of the long-run multiplier matrix, other types of common features lead to rank reduction of the short …

derive unit root and cointegration tests in panels with short time dimension; these tests have the attractive feature that … hypothesis and cointegration tests based on it perform well in small sample; this is in marked contrast to the small sample …

first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …

investigate the relationships between separation in cointegration and separation in serial correlation common features. Loosely …

-run relation between expenditures and revenues in a cointegration analysis within each Land. The results provide evidence against …

is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of …