|
Dependent variable |
Regressors |
||||||||
|
sample: Jan 1982 - May 2001 |
|||||||||
|
dTKWHWS |
dTKWHWS1 |
dTKWHWS3 |
dWRWHRP |
dDWHWS |
ecm(-1) |
|
|
|
|
| |
0.14 |
-0.12 |
0.12 |
0.14 |
-0.28 |
|
|
|
|
| |
2.43 |
-2.01 |
3.86 |
8.14 |
-5.62 |
|
|
|
|
|
sample: Jan 1982 - May 2001 |
|||||||||
|
dTKSFWS |
dWRSFRP2 |
dWRSFRP6 |
dDSFWS |
ecm(-1) |
|
|
|
|
|
| |
0.11 |
0.17 |
0.08 |
-0.19 |
|
|
|
|
|
| |
1.97 |
3.27 |
7.70 |
-5.14 |
|
|
|
|
|
|
sample: Jan 1982 - May 2001 |
|||||||||
|
dTKWHWS |
dTKWHWS1 |
dTKWHWS2 |
dTKWHWS5 |
dTKWHPR |
dTKWHPR2 |
dD1WHWS |
dD1WHWS1 |
dD1WHWS2 |
ecm(-1) |
| |
0.41 |
0.37 |
0.15 |
0.62 |
-0.24 |
0.11 |
-0.05 |
-0.05 |
-0.75 |
| |
4.77 |
4.60 |
2.32 |
7.61 |
-2.45 |
7.30 |
-2.37 |
-2.99 |
-8.16 |
|
sample: Jan 1985 - May 2001 |
|||||||||
|
dTKRIRT |
dTKRIWS |
dD1RIRT |
ecm(-1) |
|
|
|
|
|
|
| |
0.57 |
0.08 |
-0.66 |
|
|
|
|
|
|
| |
18.41 |
12.92 |
-14.41 |
|
|
|
|
|
|
see Table 1 for variables' names
d = differences; 1, 2, 3,... = differences lagged 1, 2, 3,...
source: own calculation on ESCB price data
