Step

Std Error

LN_FFR

LN_ARM

LN_FOR_US

LN_UNEMP

DEFICIT

LN_CSXR

1

0.0018884

3.906

11.939

0.006

0.299

0.584

83.266

2

0.0047452

8.562

18.203

0.867

0.062

0.093

72.212

3

0.0081572

10.998

17.784

2.608

0.275

0.249

68.086

4

0.0116594

12.787

17.630

3.944

0.557

0.254

64.828

5

0.0149800

12.183

17.201

5.364

1.786

0.186

63.280

6

0.0179558

9.318

17.121

7.926

3.300

0.256

62.079

7

0.0209745

6.829

16.181

11.915

4.254

0.711

60.110

8

0.0242051

5.630

15.210

16.702

4.293

1.682

56.483

9

0.0273447

5.505

14.350

20.937

3.615

2.961

52.633

10

0.0304303

5.845

13.800

23.958

2.937

4.526

48.934

11

0.0335870

6.103

13.648

25.485

2.869

6.537

45.358

12

0.0368417

5.842

13.600

25.899

3.597

8.787

42.276

13

0.0400971

5.287

13.512

25.909

4.694

10.665

39.933

14

0.0432043

4.784

13.261

26.014

5.707

11.916

38.317

15

0.0461683

4.467

12.716

26.568

6.538

12.635

37.076

16

0.0490784

4.420

11.847

27.672

7.173

13.006

35.882

17

0.0520036

4.770

10.746

29.080

7.720

13.222

34.463

18

0.0549506

5.541

9.633

30.552

8.225

13.303

32.747

19

0.0578597

6.626

8.714

31.763

8.730

13.334

30.833

20

0.0605947

7.706

8.063

32.601

9.311

13.415

28.905

21

0.0630131

8.496

7.672

33.137

10.005

13.533

27.157

22

0.0649967

8.943

7.522

33.394

10.764

13.657

25.721

23

0.0665376

9.116

7.624

33.471

11.488

13.699

24.602

24

0.0677326

9.155

7.969

33.441

12.072

13.619

23.745