INF to BUD causality

Countries

Long term

Medium term

Short term

0.01

0.05

1.00

1.50

2.00

2.50

Belgium

7.062^*

7.068^*

2.153

0.853

0.977

1.098

Cyprus

1.001

1.005

3.291

3.142

2.323

1.965

France

7.072^*

7.074^*

3.004

2.180

2.258

2.341

Germany

1.505

1.508

3.416

3.473

3.193

3.048

Netherlands

1.412

1.411

4.135

4.796

4.791

4.752

Spain

1.135

1.144

5.849

5.511

5.025

4.788

Sweden

3.524

3.512

0.142

1.127

1.733

1.996

UK

4.356

4.216

0.059

0.088

0.209

0.272