|
Dependent variable |
Regressors |
|||
|
sample: Sept 1993 - May 2001 |
||||
|
ETWHRT |
ETWHRT(-1) |
|
|
|
| |
0.82 |
|
|
|
| |
12.16 |
|
|
|
|
WRWHRP |
WRWHRP(-1) |
WRWHRP(-2) |
|
|
| |
1.21 |
-0.42 |
|
|
| |
10.99 |
-2.46 |
|
|
|
sample: Sept 1993 - May 2001 |
||||
|
ETMZRT |
WRMZRP(-3) |
WRMZRP(-4) |
ETMZRT(-1) |
|
| |
1.05 |
-0.50 |
0.71 |
|
| |
2.60 |
-2.15 |
8.82 |
|
|
WRMZRP |
WRMZRP(-1) |
WRMZRP(-2) |
|
|
| |
1.36 |
-0.45 |
|
|
| |
12.48 |
-2.46 |
|
|
|
sample: Sept 1993 - May 2001 |
||||
|
WRMZPR |
WRMZPR(-1) |
WRMZPR(-3) |
|
|
| |
0.76 |
-0.28 |
|
|
| |
4.54 |
-1.40 |
|
|
|
ETMZRP |
WRMZPR(-1) |
|
|
|
| |
1.23 |
|
|
|
| |
7.61 |
|
|
|
|
sample: Sept 1993 - May 2001 |
||||
|
ETSHRT |
ETSHRT(-1) |
WRSHRP(-1) |
|
|
| |
0.65 |
-0.14 |
|
|
| |
6.00 |
-1.91 |
|
|
|
WRSHRP |
WRSHRP(-1) |
|
|
|
| |
0.95 |
|
|
|
| |
23.13 |
|
|
|
see Table 1 for variables' names
source: own calculation on ESCB price data
