Variables

REER

OPEN

INFL

GDP

PUBLIC

TERMTRADE

POL

REER

1

OPEN

−0.594

1

INFL

0.150

−0.504

1

GDP

0.327

0.043

0.200

1

PUBLIC

−0.039

0.420

−0.354

0.433

1

TERMTRADE

0.026

−0.480

0.431

−0.062

−0.552

1

POL

0.243

−0.343

−0.023

−0.109

0.079

0.169

1