Dep.var. SPREAD | reg7 | reg8 | reg9 | reg10 |
Constant | 87.1322*** | 60.0605*** | 58.9385*** | 68.3203*** |
(16.4495) | (10.5889) | (12.4839) | (12.8486) | |
L.spread | 0.2652*** | 0.2579*** | 0.2753*** | 0.2544*** |
(0.0504) | (0.0506) | (0.0505) | (0.0504) | |
lpcgdp | −4.6480*** | −4.1879*** | −4.6073*** | −4.3139*** |
(1.0382) | (1.0349) | (1.0449) | (1.0355) | |
exchangeuss | −1.1366 | −4.4549 | −6.5269 | −3.2649 |
(5.0121) | (4.6624) | (4.6259) | (4.7608) | |
interest | 0.5386*** | 0.5522*** | 0.5342*** | 0.5488*** |
(0.0502) | (0.0498) | (0.0504) | (0.0500) | |
covid | −8.1719*** | −7.1855*** | −7.2018*** | −7.4003*** |
(2.0288) | (1.9580) | (1.9955) | (1.9657) | |
efw | −5.8379*** | |||
(2.0307) | ||||
efw3 | −1.8318** | −1.7507** | ||
(0.7650) | (0.7691) | |||
efw5 | −1.5460 | −1.2397 | ||
(1.1775) | (1.1660) | |||
N | 192 | 192 | 192 | 192 |