Period

S.E.

PPP

EX

INT

CPI

MONEY SUPPLY

1

0.011771

100.0000

0.000000

0.000000

0.000000

0.000000

2

0.021883

97.24894

1.192626

0.105186

1.359665

0.093588

3

0.033215

95.89054

1.780430

0.072373

1.827515

0.429138

4

0.044909

95.42376

1.994794

0.069944

2.012782

0.498720

5

0.056832

95.48071

1.978663

0.057430

2.014446

0.468751

6

0.068641

95.56408

1.934840

0.044794

2.024154

0.432128

7

0.080268

95.64474

1.874451

0.036044

2.034320

0.410445

8

0.091660

95.73541

1.801313

0.030271

2.040942

0.392065

9

0.102778

95.82667

1.728676

0.025580

2.047668

0.371405

10

0.113585

95.90824

1.663811

0.021713

2.055018

0.351215

Variance Decomposition of EX:

Period

S.E.

PPP

EX

INT

CPI

MONEY SUPPLY

1

0.072982

12.78404

87.21596

0.000000

0.000000

0.000000

2

0.146770

15.36788

68.77804

0.290822

0.929939

14.63331

3

0.216343

14.37984

60.48713

1.839867

2.555188

20.73797

4

0.271016

12.85242

59.76473

2.398366

4.174601

20.80989

5

0.318714

11.85761

60.81669

2.355189

5.505064

19.46545

6

0.360523

11.24967

61.28364

2.376589

6.142977

18.94712

7

0.396370

10.87794

61.18421

2.505754

6.483060

18.94904

8

0.428307

10.61453

61.11770

2.561969

6.874790

18.83101