By utilizing the techniques of multivariate cointegration and error correctionmodels, we investigate the impact of the different exchange rate regimes that spannedthe twentieth century on the bilateral exports between the UK and the USA over thelast 99 years. Our results support two conclusions....

We use recently developed cointegration tests that determine endogenously the regime shift to test bilateral real interest rate convergence (real interest rate parity) in the G7 against the US in the 1974-1995 period. In contrast with previous studies that employed classical regression analysis...

We use a very general bivariate generalized autoregressive conditional heteroskedasticity-in-mean model and G7 monthly data covering the 1957-2003 period to test for the impact of real and nominal macroeconomic uncertainty on inflation and output growth. Our evidence supports a number of...