|
Real GDP
|
\(\underset {\left [0.06\right ]}{\!\:1.29^{***}}\)
| |
\(\underset {\left [0.11\right ]}{0.33^{***}}\)
| |
\(\underset {\left [0.06\right ]}{0.27^{***}}\)
|
|
Gov. bond yield
|
\(\underset {\left [0.02\right ]}{-\thinspace 0.05^{**}}\)
| |
\(\underset {\left [0.04\right ]}{0.02}\)
| |
\(\underset {\left [0.02\right ]}{-\thinspace 0.03^{*}}\)
|
|
Exchange rate
|
\(\underset {\left [0.18\right ]}{-\thinspace 0.65^{***}}\)
| |
\(\underset {\left [0.34\right ]}{-\thinspace 0.15}\)
| |
\(\underset {\left [0.18\right ]}{0.20}\)
|
|
Real debit card paym.
|
\(\underset {\left [0.01\right ]}{-\thinspace 0.04^{***}}\)
| |
\(\underset {\left [0.01\right ]}{-\thinspace 0.03^{***}}\)
| |
\(\underset {\left [0.01\right ]}{-\thinspace 0.02^{***}}\)
|
|
No. of checks
|
\(\underset {\left [0.00\right ]}{-\thinspace 0.01^{**}}\)
| |
\(\underset {\left [0.01\right ]}{-\thinspace 0.03^{***}}\)
| |
\(\underset {\left [0.00\right ]}{-\thinspace 0.02^{***}}\)
|
|
Adj. R2
|
0.99
| |
0.82
| |
0.87
|
|
Phillips-Ouliaris τ-test
|
− 4.86∗
| |
− 2.40
| |
− 3.21
|
|
Hansen test
|
0.03
| |
0.02
| |
0.02
|
