Step

Std Error

DLN_FFR

DLN_ARM

LN_FOR_US

DLN_UNEMP

DEFICIT

CAP FLOW

DLN_CSXR

1

0.002038

2.442

8.222

0.009

0.150

0.021

1.585

87.572

2

0.003409

8.175

6.749

1.563

0.057

3.609

2.313

77.535

3

0.004745

7.052

3.635

3.086

0.136

14.050

2.054

69.987

4

0.005732

8.942

2.492

3.135

0.155

23.100

2.889

59.287

5

0.006471

8.168

2.561

4.840

0.505

29.376

2.322

52.229

6

0.007139

7.050

2.973

7.762

0.444

34.049

1.908

45.813

7

0.007788

6.544

3.369

10.330

0.374

37.158

2.177

40.049

8

0.008322

7.512

3.214

11.070

1.069

38.575

2.920

35.640

9

0.008763

7.821

2.900

10.966

3.136

37.358

5.236

32.583

10

0.009179

7.970

2.814

10.607

5.667

35.315

7.358

30.269

11

0.009656

7.634

2.871

9.886

8.541

33.036

9.771

28.261

12

0.010056

7.310

3.091

9.167

10.515

31.566

11.008

27.343

13

0.010373

6.923

3.178

8.618

11.666

30.911

11.772

26.933

14

0.010642

6.596

3.145

8.222

12.395

30.838

12.353

26.451

15

0.010854

6.382

3.043

8.003

12.577

31.112

12.982

25.901

16

0.011039

6.238

2.944

7.897

12.605

31.714

13.418

25.185

17

0.011198

6.147

2.879

7.865

12.668

32.156

13.805

24.480

18

0.011338

6.285

2.826

7.828

12.807

32.130

14.235

23.889

19

0.011478

6.478

2.757

7.814

13.186

31.769

14.668

23.328

20

0.011621

6.652

2.721

7.801

13.673

31.186

15.194

22.771

21

0.011767

6.895

2.756

7.703

14.266

30.482

15.685

22.213

22

0.011886

6.964

2.889

7.606

14.825

29.886

16.051

21.778

23

0.011985

6.953

3.040

7.526

15.234

29.400

16.409

21.439

24

0.012075

6.935

3.170

7.457

15.548

28.971

16.756

21.164