VARIABLES

(1)

(2)

(3)

ln_fep

ln_cpi

ln_fes

c. inst# c. con

0.341***

0.253***

0.249***

(0.0282)

(0.00808)

(0.00762)

Constant

4.675***

9.389***

9.557***

(0.116)

(0.0333)

(0.0314)

Control variables

be

be

be

Observations

9017

8191

9016