This paper re-assesses the panel (unit root test) evidence for PPP on four monthly data sets. We discuss and illustrate … that commonly-used first generation panel unit root tests are inappropriate for PPP analysis since they are constructed for … cross-sectionally uncorrelated panels. Given that real exchange rate panel data sets are - almost by construction - highly …

apparently in favour of Balassa-Samuelson effects may require a re-interpretation. The model is estimated for a panel of CEE … scheinen, müssen deshalb möglicherweise neu interpretiert werden. Das Modell wird für ein Panel von mittel- und osteuropäischen …

-dimensional panel study (recipient-year-donor) and allows for comparisons between the different donors. Thanks to the length of the …

, the panel cointegration methods are applied to 29 Chinese provinces over 1999-2012. The authors' empirical evidence shows …

-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …