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problems associated with using aggregate data, recent studies have relied on bilateral trade data. Since import and export …
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This paper investigates differences in time series behaviour of real output and the price levels in seven countries (the United States, the United Kingdom, Germany, Japan, Canada, Australia, and New Zealand) under alternative exchange rate systems. Quarterly data spanning the Bretton-Woods and...
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first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …
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