13 | 0.485394 | 14.22705 | 74.35797 | 3.583822 | 5.006081 | 2.825079 |
14 | 0.485912 | 14.24305 | 74.20653 | 3.576641 | 5.002914 | 2.970862 |
15 | 0.486158 | 14.24938 | 74.13537 | 3.573898 | 5.002931 | 3.038428 |
16 | 0.486296 | 14.25340 | 74.09507 | 3.574333 | 5.001719 | 3.075473 |
17 | 0.486371 | 14.25792 | 74.07263 | 3.574190 | 5.000804 | 3.094458 |
18 | 0.486390 | 14.25987 | 74.06745 | 3.577559 | 5.000875 | 3.094246 |
19 | 0.486430 | 14.25798 | 74.05755 | 3.582028 | 5.003729 | 3.098712 |
20 | 0.486479 | 14.25521 | 74.04345 | 3.584032 | 5.007775 | 3.109532 |
Variance Decomposition of D(R): | ||||||
Period | S.E. | D(FEDR) | D(ZARX) | D(R) | D(SAP) | D(YGAP) |
1 | 0.965203 | 1.747883 | 3.522244 | 94.72987 | 0.000000 | 0.000000 |
2 | 1.023986 | 2.180782 | 3.129539 | 89.30934 | 0.020069 | 5.360267 |
3 | 1.078005 | 5.621703 | 2.850342 | 80.74823 | 1.295575 | 9.484151 |
4 | 1.140124 | 5.025887 | 2.675426 | 74.37395 | 3.980647 | 13.94409 |
5 | 1.195292 | 5.772932 | 2.439763 | 68.54620 | 3.737344 | 19.50376 |
6 | 1.211792 | 5.661775 | 2.755529 | 66.71166 | 4.282418 | 20.58861 |
7 | 1.217544 | 5.942583 | 2.766223 | 66.10222 | 4.324121 | 20.86485 |
8 | 1.227934 | 6.045831 | 3.689372 | 65.01109 | 4.653987 | 20.59972 |
9 | 1.242190 | 6.140966 | 4.132307 | 63.63718 | 4.993423 | 21.09612 |
10 | 1.248256 | 6.200363 | 4.176961 | 63.07142 | 5.055772 | 21.49548 |
11 | 1.255248 | 6.171131 | 4.145558 | 62.39037 | 5.047380 | 22.24556 |
12 | 1.259629 | 6.128298 | 4.197100 | 62.00414 | 5.054377 | 22.61608 |
13 | 1.261662 | 6.210357 | 4.273404 | 61.80611 | 5.051522 | 22.65861 |
14 | 1.264105 | 6.437667 | 4.324998 | 61.57142 | 5.033660 | 22.63225 |
15 | 1.265354 | 6.579801 | 4.345142 | 61.46159 | 5.025799 | 22.58767 |
16 | 1.266052 | 6.624018 | 4.352353 | 61.40653 | 5.027064 | 22.59003 |
17 | 1.266421 | 6.631314 | 4.350574 | 61.37273 | 5.028957 | 22.61642 |
18 | 1.266864 | 6.626785 | 4.348614 | 61.33261 | 5.032402 | 22.65959 |
19 | 1.267375 | 6.629296 | 4.347044 | 61.28911 | 5.034702 | 22.69984 |
20 | 1.267767 | 6.643790 | 4.347987 | 61.25386 | 5.034540 | 22.71982 |
Variance Decomposition of D(SAP): | ||||||
Period | S.E. | D(FEDR) | D(ZARX) | D(R) | D(SAP) | D(YGAP) |
1 | 0.464076 | 0.114568 | 0.000751 | 9.881469 | 90.00321 | 0.000000 |
2 | 0.509091 | 1.359815 | 1.501030 | 9.302596 | 87.72623 | 0.110323 |
3 | 0.541211 | 6.701786 | 5.471020 | 9.186187 | 78.15651 | 0.484494 |
4 | 0.576660 | 11.20723 | 7.826153 | 9.474018 | 69.13813 | 2.354472 |
5 | 0.619620 | 14.21246 | 8.385136 | 9.629009 | 61.95294 | 5.820448 |
6 | 0.657214 | 16.20207 | 9.293197 | 9.380104 | 55.43143 | 9.693195 |