Kaufkraftparität und die irische Erfahrung: Einheitswurzel- und Kointegrationstests bei zwei Industrieländern In diesem Beitrag werden Einheitswurzel-/stationäre Prozeß- und Kointegrationstests für die Prüfung der Kaufkraftparität Irlands im Vergleich mit zwei Industrieländern verwendet....

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...

The authors use cointegration tests that determine endogenously the regime shift to test for bilateral short-term and long-term real interest rate convergence in the European Monetary System in the 1979-93 period. The results of these tests provide strong evidence in favor of bilateral real...

This paper tests for the long-run and short-run relationship between prices and wages in the Irish economy over the 1975-92 period. Using recent econometric techniques in the analysis of time series, we conclude that there is a long-run equilibrium relationship between prices, wages and an...