|
Dependent variable |
Regressors |
||||||||||
|
sample: Jan 1990 - May 2001 |
|||||||||||
|
SNRIRT |
WRRIRP |
DRIRT |
|
|
|
|
|
|
|
|
|
| |
0.50 |
0.11 |
|
|
|
|
|
|
|
|
|
| |
8.11 |
17.67 |
|
|
|
|
|
|
|
|
|
|
dSNRIRT |
dSNRIRT1 |
dSNRIRT2 |
dSNRIRT3 |
dWRRIRP |
dWRRIRP1 |
dDRIRT |
dDRIRT1 |
dDRIRT2 |
dDRIRT3 |
dDRIRT4 |
ecm(-1) |
| |
0.71 |
0.47 |
0.33 |
0.25 |
-0.40 |
0.05 |
-0.07 |
-0.04 |
-0.03 |
-0.03 |
-1.33 |
| |
3.03 |
2.61 |
2.08 |
3.71 |
-3.22 |
8.36 |
-2.78 |
-2.37 |
-2.81 |
-3.12 |
-4.35 |
|
sample: Jan 1988 - May 2001 |
|||||||||||
|
SNMZRT |
DMZRT |
|
|
|
|
|
|
|
|
|
|
| |
0.20 |
|
|
|
|
|
|
|
|
|
|
| |
5.44 |
|
|
|
|
|
|
|
|
|
|
|
dSNMZRT |
dMZRP1 |
dDMZRT |
ecm(-1) |
|
|
|
|
|
|
|
|
| |
-0.41 |
0.10 |
-0.51 |
|
|
|
|
|
|
|
|
| |
-2.27 |
3.90 |
-4.93 |
|
|
|
|
|
|
|
|
see Table 1 for variables' names
d = differences; 1, 2, 3,... = differences lagged 1, 2, 3,...
source: own calculation on ESCB price data
