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 …

ignored in existing empirical studies. We use time series and up-to-date panel data techniques to test for cointegration with … the possibility of structural breaks and show how the long run may be restored in the estimation. The main finding is that … run cointegration relationship, where over the sample period the fixed component of the pass-through decreased while the …

This paper examines the extent and evolution of exchange rate pass-through (ERPT) using panel cointegration approach …

test for cointegration with the possibility of structural breaks and show how the long-run may be restored in the … estimation. The main finding is that allowing for possible breaks around the formation of EMU and the appreciation of the euro … starting in 2001 helps restore a long run cointegration relationship, where over the sample period the fixed component of the …