Dependent Variable: lnEXRDEP

Regressors

Coefficient

Std. Error

t-Statistic

Prob.

DlnINF

0.553699

0.357791

1.547551

0.1561

DlnINF-1

0.864176

0.315064

2.742863

0.0227

DlnINF-2

1.345498

0.270355

4.976782

0.0008

DlnINT

3.821229

0.581628

6.569886

0.0001

DlnMS

1.014301

0.288489

3.515908

0.0066

DlnMS-1

−1.545780

0.295181

−5.236725

0.0005

DlnPWB

−4.516009

1.696661

−2.661705

0.0260

DlnPWB-1

−3.953166

1.466276

−2.696058

0.0246

DlnPWBE

7.002851

1.807798

3.873690

0.0038

DlnPWBE-1

7.914721

1.351665

5.855533

0.0002

DlnPWBE-2

5.282096

1.956133

2.700274

0.0244

ECM(−1)

−0.945993

0.149633

−6.322106

0.0001