| Beta (cointegrating vectors, standard errors in parentheses) | Alpha (adjustment vectors) | ||||
|
| (1) | (2) |
| (3) | (4) |
| dp | 1.00000 (0.00000) | 0.00000 (0.00000) | dp | −0.61834 | −0.06008 |
| l_gdp | 0.00000 (0.00000) | 1.00000 (0.00000) | l_gdp | −7.2970e-005 | −0.00946 |
| libor3m | −0.09088 (0.03764) | 0.11261 (0.02749) | libor3m | 0.12218 | −1.3047 |
| l_neer | 0.08053 (0.19821) | −0.98749 (0.14478) | l_neer | 0.00602 | 0.03908 |
| euribor3m | −0.04786 (0.03835) | −0.08863 (0.02801) | euribor3m | 0.05688 | −0.29018 |