M2 Money Aggregate | ||||||
Lags | Calculated F-test | Optimal lags | Ecm (−1) | F-test at Optimal lags | 95% Lower Bound | 95% Upper Bound |
2 | 5.2460** (0.003) | (1, 2, 1, 1) | −0.2468** (0.000) | 9.2807 | 3.5314 | 4.7607 |
4 | 0.8486 (0.516) | (1, 3, 4, 0) | −0.5086** (0.000) | 9.7501 | 3.5866 | 4.8454 |
6 | 3.3342 (0.109) | (1, 2, 6, 0) | −0.2698** (0.000) | 9.1425 | 3.6207 | 4.8629 |