VARIABLES | (1) | (2) | (3) | (4) | (5) |
D_lnPrice | D_lnM1 | D_Inflation | D_nominalGrowth | D_SearchIndex | |
L._ce1 | −0.00960* | 0.000449 | 0.0334 | −0.225 | 5.581*** |
| (0.00568) | (0.00178) | (0.0249) | (0.196) | (0.529) |
LD.lnPrice | 0.219*** | 0.0111 | 0.219 | −0.926 | −3.031 |
| (0.0771) | (0.0242) | (0.338) | (2.664) | (7.175) |
LD.lnM1 | −0.556** | 0.0296 | 2.251** | 5.003 | 9.895 |
| (0.255) | (0.0801) | (1.120) | (8.818) | (23.75) |
LD.Inflation | 0.0105 | −0.00704 | 0.341*** | 0.131 | −1.086 |
| (0.0169) | (0.00531) | (0.0743) | (0.585) | (1.575) |
LD.nominalGrowth | 0.00218 | 0.000317 | 0.00184 | −0.346*** | −0.0410 |
| (0.00219) | (0.000688) | (0.00962) | (0.0757) | (0.204) |
LD.SearchIndex | −0.00112 | 1.14e−05 | 0.00408 | −0.0317 | 0.173** |
| (0.000832) | (0.000261) | (0.00365) | (0.0288) | (0.0775) |
Constant | 0.00807 | 0.0194*** | −0.0670 | −0.228 | −0.00877 |
| (0.0116) | (0.00365) | (0.0510) | (0.401) | (1.081) |
Observations | 163 | 163 | 163 | 163 | 163 |