|
Dependent variable |
Regressors |
||||
|
sample: Aug 1989 - May 2001 |
|||||
|
EGWHWS |
= |
WRWHRP-1 |
EGWHWS-1 |
|
|
| |
|
0.10 |
0.71 |
|
|
| |
|
3.08 |
8.36 |
|
|
|
WRWHRP |
= |
WRWHRP-1 |
|
|
|
| |
|
0.97 |
|
|
|
| |
|
34.63 |
|
|
|
|
sample: Jan 1969 - Jul 1989 |
|||||
|
EGBMWS |
= |
EGBMRP-1 |
WRBMWS-1 |
|
|
| |
|
-0.06 |
0.91 |
|
|
| |
|
-2.45 |
36.26 |
|
|
|
WRBMRP |
= |
EGBMRP-1 |
|
|
|
| |
|
0.95 |
|
|
|
| |
|
43.03 |
|
|
|
|
sample: Jan 1969 - May 2001 |
|||||
|
EGWHWS |
= |
EGWHRT-1 |
EGWHRT-8 |
EGWHWS-9 |
|
| |
|
0.84 |
0.18 |
-0.24 |
|
| |
|
10.70 |
2.25 |
-5.43 |
|
|
sample: Jan 1969 - May 2001 |
|||||
|
EGWHRT |
= |
EGWHRT-1 |
EGWHWS-1 |
EGWHWS-2 |
EGWHWS-9 |
| |
|
0.22 |
0.79 |
0.28 |
-0.23 |
| |
|
2.45 |
9.89 |
2.91 |
-4.61 |
|
sample: Jan 1969 - May 2001 |
|||||
|
EGSHRT |
= |
EGSHWS-1 |
EGSHRT-1 |
|
|
| |
|
0.24 |
0.77 |
|
|
| |
|
2.96 |
9.26 |
|
|
|
EGSHWS |
= |
EGSHWS-1 |
|
|
|
| |
|
0.92 |
|
|
|
| |
|
11.02 |
|
|
|
|
sample: Jan 1969 - May 2001 |
|||||
|
EGBMRT |
= |
EGBMWS-1 |
EGBMRT-1 |
|
|
| |
|
0.20 |
0.80 |
|
|
| |
|
3.15 |
13.10 |
|
|
|
EGBMWS |
= |
EGBMWS-1 |
EGBMRT-1 |
|
|
| |
|
0.84 |
0.14 |
|
|
| |
|
13.83 |
2.45 |
|
|
see Table 1 for variables' names
source: own calculation on ESCB price data
