| Variable Name | AE | TRG |
| STP | 0.0773*** |
|
| (0.015) |
| |
| CPI | 6.32e−05 |
|
| (0.002) |
| |
| GDPP | −0.00300 | −0.00335 |
| (0.024) | (0.004) | |
| M2 | −0.00727 |
|
| (0.005) |
| |
| DFX | −0.0442*** |
|
| (0.014) |
| |
| DFA |
| −0.00632*** |
|
| (0.002) | |
| FED |
| 0.106** |
|
| (0.045) | |
| FID |
| −0.0911* |
|
| (0.054) | |
| Constant | −0.00489 | 1.005*** |
| (0.313) | (0.040) | |
| Observations | 204 | 204 |
| R-squared | 0.591 | 0.275 |
| Ajusted R2 | 0.0796 | 0.0796 |