| |
|
ADF |
PP |
|
CRPOWS |
level |
-0.06 |
-0.07 |
| |
|
-1.23 |
-1.41 |
| |
first differences |
-1.23 |
-0.82 |
| |
|
-6.19 |
-6.95 |
|
CRPMWS |
level |
-0.05 |
-0.78 |
| |
|
-1.44 |
-0.03 |
| |
first differences |
-0.90 |
-0.70 |
| |
|
-6.31 |
-6.17 |
|
CRPMRT |
level |
-0.04 |
-0.03 |
| |
|
-1.13 |
-0.75 |
| |
first differences |
-0.92 |
-0.94 |
| |
|
-4.37 |
-7.99 |
|
CRPLRT |
level |
-0.43 |
-0.42 |
| |
|
-3.81 |
-4.75 |
|
CRBMRT |
level |
-0.08 |
-0.12 |
| |
|
-2.55 |
-5.45 |
| |
first differences |
-1.24 |
|
| |
|
-4.72 |
|
see Table 1 for variables' names
bold = significant at 5% or more
Source: calculations n ESCB and IMF data
