Macroeconomic Variables

Jarque-Bera Statistic

p-value

Real GNP

6.6436

0.0360

Nominal GNP

5.4668

0.0650

GNP deflator

7.3095

0.0258

GNP per capita

6.5721

0.0374

Unemployment Rate

0.3426

0.8426

CPI

24.9690

0.0000

Nominal interest rate

60.5820

0.0000

Velocity

19.4730

0.0000

Employment

3.4307

0.1799

Industrial Production

6.7842

0.0336

Real Wages

9.0637

0.0107

Nominal Wages

5.5135

0.0635

Money Stock

4.2857

0.1173

Stock Prices

13.1330

0.0014