Variable

Coefficient

t-Statistic

Prob.

C

0.403369

3.313309

0.0012

GDP %***

0.038695

3.421908

0.0008

VSTOXX-index***

0.004484

3.292362

0.0013

Debt % GDP***

−0.012807

−3.388906

0.0009

Deficit % GDP**

−0.032164

−2.550496

0.0119

Interest Rate**

−0.042634

−2.002730

0.0472

Inflation

0.012905

0.619714

0.5365

SPREAD_1

0.893911

26.39179

0.0000

Adjusted R-squared

0.930019

F-statistic

270.5904

Prob(F-statistic)

0.000000