unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we …

exchange rate dynamics. Using panel models, we are able to confirm the heterogeneity of exchange rate expectations often …

system and the current managed float. Panel integration techniques are used to increase the power of the tests. Cross section … higher price flexibility before WWII. Although barriers to foreign trade and capital controls were substantially removed …

Gold Standard, the interwar float, the Bretton Woods system and the managed float thereafter. Panel integration techniques …, probably due to a higher stickiness of prices and a lower weight of international trade in the determination of exchange rates …

rate regimes facilitate current account adjustments. Using a FGLS estimator with fixed effects and panel corrected standard …, the author performs a dynamic panel estimation using a System GMM estimator fully developed in Blundell and Bond (1998 …

sub-national regions. We utilize a unique panel of municipality-level data from the manufacturing sector. An important … contribution is the use of different panel methods to account for latent regional characteristics and the computation of … performance indicators for each municipality which will enable detailed regional rankings. Firstly, we apply nested panel methods …

wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated …

provinces simultaneously. Beside the usual panel data models, we use panel models that explicitly account for spatial dependence …