within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro …

panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …

not invariant with respect to the investigated sample period. -- Purchasing power parity ; Panel cointegration ; Wild …

cointegration linking interest rates and inflation, and stationarity of the real interest rate implying in turn homogeneity of the … a world wide perspective the (average) Fisher coefficient is less than unity. Applying panel unit root and cointegration …

recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that … cointegration relationship can be established among the variables. The income elasticity is not different from unity, implying that … evidence is unchanged, if alternative estimators of the cointegration vector are used. Controlling for cross section dependency …