First Author:   Geert Dhaene K.U.Leuven geert.dhaene@econ.kuleuven.ac.be   Department of Economics, Naamsestraat 22 Leuven, 3000, Belgium   +32 16 326798(Phone) +32 16 326798(Fax) http://www.econ.kuleuven.ac.be/ew/academic/econmetr/members/Dhaene/default.htm