| Variables | Coefficients | t-statistic |
| Delayed Interest Rate | 0.769395*** | 3.071627 |
| Neutre Interest Rate | −0.076084*** | −3.099374 |
| Inflation Gap | −0.019867 | −0.842835 |
| Production Gap | 0.120137** | 2.514101 |
| Exchange Rate Gap | −0.002617+ | −1.205368 |
| Delayed Error retardée | −1.167263*** | −3.858404 |
| R2 | 0.601074 | |
| Adjusted R2 | 0.527199 | |