The aim of this paper is to apply recent advances in the econometrics of non-stationary dynamic panel methods to examine the robustness of the PPP concept for a sample of 73 developed and developing countries. Our investigations indicate that the strong PPP is verified for OECD and MENA...

The main goal of this paper is to tackle the empirical issues of the real exchange rate literature by applying recently developed panel cointegration techniques to a structural long-run real exchange rate equation. We consider here a sample of 45 developing countries, divided into three groups...

The aim of this paper is to apply recent advances in the econometrics of non-stationary dynamic panel methods to examine the main long-run determinants of real exchange rate. We consider here a sample of 45 developing countries, divided into three groups according to geographical criteria :...

In this paper we estimate a structural var model for Morocco, Philippines and Uruguay and carry out the conventional inpulse response function analysis and variance decomposition of forecast errors. Our empirical investigations suggest that domestic shocks dominate real exchange rate...

Inflation convergence between the Euro Zone and its CEE partners is investigated using panel data methods that incorporate structural shifts. Strong rejections of the unit root hypothesis are found, and therefore evidence of PPP, in the East-European countries for the 1995:1 to 2000:4 period.