Error correction model \( \triangle {V}_t={\hat{\lambda}}_0+{\hat{\lambda}}_1{\hat{u}}_{t-1}+{\hat{\lambda}}_2\triangle {M}_t+{\hat{\lambda}}_3\triangle {w}_t+{v}_t \) | Estimates |
---|---|
\( {\widehat{\lambda}}_0 \) | 0.0001 |
\( {\widehat{\lambda}}_1 \) | −0.4132* |
\( {\widehat{\lambda}}_2 \) | 0.0187** |
\( {\widehat{\lambda}}_3 \) | −0.0058** |