Countries

Budget Deficit

Inflation

PP

KPSS

PP

KPSS

Belgium

−3.70**

0.31***

−3.89**

0.10

Cyprus

−4.51**

0.09

−4.27***

0.03

France

−2.59

0.19**

−3.47**

0.13*

Germany

−9.72***

0.09

−3.38*

0.04

Netherlands

−1.84

0.24***

−2.66

0.07

Spain

−2.06

0.19**

−2.37

0.09

Sweden

−1.71

0.24***

−2.52

0.07

UK

−2.19

0.19**

−2.06

0.26***