estimation, we first confirmed the finding of Cheung et al. (2004), whereas trade balance is additionally considered. The nominal …

Using median-unbiased estimation, recent research has questioned the validity of Rogoff's "remarkable consensus" of 3 … the resulting unit root test has low power. We extend median-unbiased estimation to the DF-GLS regression of Elliott …, Rothenberg, and Stock (1996). We find that median-unbiased estimation based on this regression has the potential to tighten …