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Breitung, J., and M. H. Pesaran (2005): \Unit Roots and Cointegration in Panels, Working Paper.
Dornbusch, R. (1987): \Exchange rates and prices, American Economic Review, 77, 93{106.
Klenow, P. J., and J. L. Willis (2006): \Real Rigidities and Nominal Price Changes, Working Paper.
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