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