9 | 0.458155 | 10.39570 | 61.15136 | 2.560758 | 7.291468 | 18.60071 |
10 | 0.485851 | 10.20913 | 61.14651 | 2.578828 | 7.603995 | 18.46154 |
Variance Decomposition of INT: | ||||||
Period | S.E. | PPP | EX | INT | CPI | MONEY SUPPLY |
1 | 0.099205 | 7.282522 | 1.606786 | 91.11069 | 0.000000 | 0.000000 |
2 | 0.134334 | 10.02659 | 3.236699 | 86.66533 | 0.024844 | 0.046529 |
3 | 0.149220 | 8.359334 | 3.847223 | 83.98558 | 3.490909 | 0.316950 |
4 | 0.166689 | 6.758303 | 5.896661 | 82.59224 | 4.430053 | 0.322745 |
5 | 0.185762 | 5.521387 | 5.253826 | 84.90322 | 3.590384 | 0.731179 |
6 | 0.200034 | 4.765403 | 4.875212 | 86.47113 | 3.157718 | 0.730534 |
7 | 0.212726 | 4.275537 | 5.532287 | 86.27379 | 3.235148 | 0.683238 |
8 | 0.226650 | 3.864859 | 6.145412 | 86.05677 | 3.117924 | 0.815036 |
9 | 0.240321 | 3.524975 | 6.213071 | 86.41345 | 2.859551 | 0.988953 |
10 | 0.252425 | 3.316942 | 6.353562 | 86.58866 | 2.713528 | 1.027306 |
Variance Decomposition of CPI: | ||||||
Period | S.E. | PPP | EX | INT | CPI | MONEY SUPPLY |
1 | 0.052210 | 3.553367 | 15.94145 | 10.08193 | 70.42325 | 0.000000 |
2 | 0.083371 | 15.00432 | 20.34301 | 7.634971 | 38.56772 | 18.44998 |
3 | 0.111676 | 14.91196 | 25.15893 | 4.271268 | 21.49544 | 34.16241 |
4 | 0.131941 | 12.11698 | 29.55239 | 3.109580 | 16.64921 | 38.57185 |
5 | 0.146260 | 10.08266 | 33.45899 | 2.537674 | 15.41620 | 38.50448 |
6 | 0.157221 | 8.740263 | 35.69308 | 2.238417 | 14.88054 | 38.44770 |
7 | 0.165789 | 7.875605 | 36.35811 | 2.037680 | 14.60518 | 39.12343 |
8 | 0.172966 | 7.335294 | 36.39538 | 1.910584 | 14.71792 | 39.64082 |
9 | 0.179562 | 7.010586 | 36.29397 | 1.846474 | 15.13308 | 39.71590 |
10 | 0.185695 | 6.869087 | 36.06086 | 1.803560 | 15.56706 | 39.69943 |
Variance Decomposition of MONEY SUPPLY: | ||||||
Period | S.E. | PPP | EX | INT | CPI | MONEY SUPPLY |
1 | 0.037786 | 8.060626 | 0.039572 | 0.029771 | 13.71085 | 78.15918 |
2 | 0.055907 | 5.008217 | 0.090398 | 1.817608 | 20.99330 | 72.09048 |
3 | 0.063163 | 4.045772 | 0.073563 | 2.098877 | 25.80237 | 67.97942 |
4 | 0.067623 | 3.721045 | 0.074397 | 1.864183 | 28.43005 | 65.91033 |
5 | 0.072265 | 3.349404 | 0.070980 | 1.694626 | 28.69511 | 66.18988 |
6 | 0.077216 | 3.052993 | 0.136782 | 1.672915 | 28.26823 | 66.86908 |
7 | 0.081817 | 2.903230 | 0.154945 | 1.603730 | 28.55931 | 66.77879 |
8 | 0.086166 | 2.830630 | 0.139829 | 1.508697 | 29.13382 | 66.38702 |
9 | 0.090383 | 2.817575 | 0.127222 | 1.457242 | 29.31208 | 66.28589 |
10 | 0.094424 | 2.852806 | 0.121398 | 1.431241 | 29.28916 | 66.30539 |
Cholesky Ordering: PPP EX INT CPI MONEY SUPPLY |