regressions with real oil prices are significant relationships obtained for Indonesia and Korea. Panel regression results are … slightly more supportive of a relative price view of real exchange rates. However, the panel regressions incorporating …

This paper investigates the long- and short-run determinants of the real exchange rate using a panel of data for … fourteen OECD countries. The data are analyzed using time series and panel unit root and panel cointegration methods. Two … price of oil. The empirical results indicate that it is easier to detect cointegration in panel data than in the available …