problem of spurious regression. When existent, cointegration is the simplest way of eliminating the illogical correlation … established between time series due to the presence of trends. The analysis of macroeconomic time series through cointegration is … a common fact. Modelling the Romanian M2 money demand through cointegration and vector error correction led to somewhat …

This paper examines the long run dynamics of Mexico’s money demand using Johansen’s cointegration approach with …

equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …

for Poland. Furthermore, evidence of cointegration between the relative stock prices against Germany and exchange rates …This paper aims to empirically investigate the effect of the euro on stock markets for Hungary, Poland and the UK, and …

real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition … substantially greater than that in Poland, indicating incipient pressures to devalue the ruble immediately preceding the August 1998 … crisis. The half life of an exogenous shock is found to be much shorter for Poland than for Russia in the pre-crisis period …

, exchange rates, money stock, nominal wages, and real output, and conducts I(1) and I(2) cointegration analyses. Post … of external sector variables on long and medium run price development are studied. It is found that in Poland, contrary … strong evidence is found of the cost-push inflation. Copyright Kluwer Academic Publishers 2003 …

This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the … policy framework is based on targeting the differential between the domestic and the implicit euro area inflation forecasts …. Adjustments of interest rates respond to changes in the relative inflation forecast, while foreign exchange market intervention is …