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Table 1 Descriptive statistics of model-consistent data (1980Q1–2016Q3)

From: A neoclassical perspective on Switzerland’s 1990s stagnation

\({\varvec{D}}_{\varvec{t}}\) \({{\varvec{\sigma}} ({\varvec{D}}_{\varvec{t}})} / {{\varvec{\sigma}} ({\varvec{y}}_{\varvec{t}})}\) \({\varvec{Corr}}({\varvec{D}}_{{\varvec{t+k}}}, {\varvec{y}}_{\varvec{t}})\)
   k = −2 k = −1 k = 0 k = 1 k = 2
Consumption \(c_t\) 0.60 0.44 0.52 0.55 0.44 0.33
Investment \(x_t\) 2.47 0.66 0.75 0.80 0.73 0.57
Government expend. and net exports \(g_t\) 3.53 0.12 0.30 0.44 0.44 0.39
Hours worked \(h_t\) 0.61 0.51 0.68 0.81 0.86 0.82
  1. Data are HP-filtered with \(\lambda = 1600\)