Cantavella-Jordá, Manuel; Suárez-Burguet, Celestino - In: Journal of Economic Integration 13 (1998), pp. 606-625
This paper examines the long-run and short- run effects of depreciation/ devaluation for major European Union countries (Germany, France, the Unit - ed Kingdom, and Italy) over the 1975-1997 period. The approach is based on cointegration techniques proposed by Johansen [1988] and uses quarterly...