. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …

explains the concept of panel unit roots and panel cointegration and introduces the underlying empirical approach. Next … employs a panel data technique is used. This estimator is suited for integrated annual macroeconomic panel data sets to …

We propose four different GMM estimators that allow almost consistent estimation of the structural parameters of panel …

bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and … results from different cointegration methodologies and explicitly control for instability in cointegration relationships and … covering 20 years. In line with previous studies, the empirical results indicate several cointegration relationships between …

, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …

panel random coefficient model, we show that financial experts have systematically misperceived the ECB's interest rate rule …. -- Central bank communication ; Interest rate forecasts ; Survey expectations ; Panel random coefficient model …

problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … applying an instrumental variable estimation approach. -- Unemployment ; institutions ; labor and product markets ; model …