for the validity of the monetary exchange rate modelwithin a panel of vector error correction models for three …

developed panel cointegration techniques to a structural long-run real exchange rate equation. Using annual data for 67 …

This paper examines whether, in addition to standard unit root and cointegration tests, panel approaches also produce … disappears, and strong empirical support is found for PPP. It appears therefore that recent advances in panel data econometrics …

ignored in existing empirical studies. We use time series and up-to-date panel data techniques to test for cointegration with …

prices), which is typically ignored in existing empirical studies. We use time series and up-to-date panel data techniques to …

prices), which is typically ignored in existing empirical studies. We use time series and up-to-date panel data techniques to …

This study investigates the determinants of the trade balance in West African and Monetary Union (WAEMU) over the … Modified OLS (FMOLS) to deal with both endogeneity and cross-country heterogeneity. The results reveal that the trade balance … is negatively related to domestic and foreign income whereas real effective exchange rate depreciation improves the trade …

unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we … in line with the suggestions of the monetary model. -- Monetary exchange rate model ; common factors ; panel data …

This paper takes a panel cointegration approach to the estimation of short- and long-run exchange rate pass … establish. Resorting to novel tests for panel cointegration, we find support for the equilibrium relationship hypothesis …. Exchange rate pass-through elasticities, estimated by two different techniques for cointegrated panel regressions, give insight …