| Model 1 | Model 2 | Model 3 | Model 4 | Model 5 |
C | 2.22*** (65.33) | 1.96*** (44.15) | 1.96*** (71.12) | 1.73*** (23.51) | 1.96*** (24.29) |
Inflation | −0.01*** (−2.64) | 0.01 (0.93) | 0.01 (1.40) | 0.01* (0.65) | 0.01 (1.21) |
Output | 3.63*** (11.68) | 1.87*** (5.78) | 0.39*** (1.73) | 0.20*** (3.17) | 1.90 (3.98) |
S (−1) |
| 0.02 (0.11) | 0.01 (0.22) | 0.01 (0.08) | 0.01 (1.35) |
S (−2) |
|
| 0.02 (0.31) |
|
|
AdjR | 0.64 | 0.40 | 0.02 | 0.40 | 0.03 |
F | 69.82 | 12.00 | 0.72 | 12.00 |
|
Dw | 0.11 | 0.15 | 0.10 | 0.15 |
|