| |
|
ADF |
|
|
CRMZIM |
level |
-0.37 |
-1.97 |
| |
first differences |
-1.95 |
-6.27 |
|
CRMZPR |
level |
-0.22 |
-1.65 |
| |
first differences |
-1.45 |
-4.90 |
|
CRMPIM |
level |
-0.04 |
-0.64 |
| |
first differences |
-0.63 |
-3.01 |
|
CRBMIM |
level |
-0.58 |
-2.95 |
| |
first differences |
-1.64 |
-5.72 |
|
CRBMEX |
level |
-0.14 |
-1.68 |
| |
first differences |
-1.17 |
-4.80 |
|
CRBMPF |
level |
-0.33 |
-2.38 |
| |
first differences |
-1.26 |
-4.26 |
|
CRPMIM |
level |
-0.64 |
-3.01 |
| |
first differences |
-1.54 |
-4.89 |
|
CRPMEX |
level |
-0.41 |
-2.36 |
| |
first differences |
-1.93 |
-7.07 |
|
CRPMPF |
level |
-0.07 |
-0.61 |
| |
first differences |
-1.73 |
-5.47 |
|
CRPLIM |
level |
-0.23 |
-1.24 |
| |
first differences |
-1.53 |
-4.33 |
See Table for variables' names
Bold = significantly different from zero at 5% or less
source: own calculation on ESCB price data
