| Beta (cointegrating vectors, standard errors in parentheses) | Alpha (adjustment vectors) | ||||
|
| (1) | (2) |
| (3) | (4) |
| dp | 0.0000 (0.00000) | −1.0000 (0.00000) | dp | −0.559660 | 0.618360 |
| l_gdp | 0.0000 (0.00000) | 0.0000 (0.00000) | l_gdp | −0.00097603 | 0.00033185 |
| libor3m | 1.0000 (0.00000) | 1.0000 (0.00000) | libor3m | −0.098398 | −0.075756 |
| l_neer | −2.9381 (0.75134) | −2.7353 (0.70093) | l_neer | 0.011192 | −0.007507 |
| euribor3m | −1.0000 (0.00000) | −0.85906 (0.01709) | euribor3m | 0.052627 | −0.053628 |