GENERAL UNRESTRICTED MODEL
EQUATION FOR THE SPREAD BETWEEN INTEREST RATES ON BANK OVERDRAFT AND
MONETARY POLICY RATE (INTEREST RATE ON LOANS BY THE BANK OF ITALY)
The data employed for the estimates cover the period 1990 QI - 1998 QIV
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
D.P.D. RESULTS
Instruments used are:
CONST ta_d(-2) ta_d(-3) ta_d(-4)
so_u(-4) so_u(-5) isco(-1) tdif(-1)
c3 c4 a1 a3
ta_d(-5) so_u(-1) so_u(-2) so_u(-3)
tdif(-2) tdif(-3) tdif(-4) tdif(-5)
a4 a5 a6 IND DUMS
LEVELS IV
|
Number of firms: |
54 |
Sample period is 1991 QII to 1998 QI |
|
Observations: |
1512 |
Degrees of freedom: 1487 |
|
Dependent variable |
is: |
ta_d |
ONE-STEP ESTIMATES WITH ROBUST TEST STATISTICS
|
Wald |
test |
of joint |
significance: |
505.422951 |
df = |
22 |
|
Wald |
test |
- jt sig |
of ind dums: |
0.341599 |
df = |
2 |
|
Wald |
test selected by user: |
10.299139 |
df = |
10 | ||
Testing:ta_d(-2) ta_d(-3) ta_d(-4) so_u(-2) so_u(-3) so_u(-4) isco
tdif tdif(-1) tdif(-2)
|
Var |
Coef |
Std. Error |
T-Stat |
P-Value |
|
CONST |
0.918082 |
5.373138 |
0.170865 |
0.864330 |
|
ta_d(-1) |
3.237775 |
3.886986 |
0.832978 |
0.404857 |
|
ta_d(-2) |
-0.970432 |
1.540478 |
-0.629955 |
0.528724 |
|
ta_d(-3) |
-0.157001 |
0.433125 |
-0.362485 |
0.716989 |
|
ta_d(-4) |
-0.396844 |
0.909495 |
-0.436335 |
0.662594 |
|
so_u |
5.501375 |
3.635302 |
1.513320 |
0.130198 |
|
so_u(-1) |
-3.951405 |
3.237292 |
-1.220590 |
0.222241 |
|
so_u(-2) |
-1.606319 |
3.287958 |
-0.488546 |
0.625163 |
|
so_u(-3) |
1.047737 |
2.816219 |
0.372037 |
0.709866 |
|
so_u(-4) |
-3.611479 |
3.118469 |
-1.158093 |
0.246826 |
|
isco |
0.046276 |
0.125520 |
0.368677 |
0.712369 |
|
tdif |
-2.573195 |
3.468352 |
-0.741907 |
0.458144 |
|
tdif(-1) |
0.662969 |
2.671158 |
0.248196 |
0.803983 |
|
tdif(-2) |
0.474065 |
0.452225 |
1.048293 |
0.294504 |
|
tdif(-3) |
0.283370 |
0.289738 |
0.978022 |
0.328063 |
|
tdif(-4) |
0.339537 |
0.287402 |
1.181402 |
0.237443 |
|
c3 |
-3.979281 |
2.735695 |
-1.454577 |
0.145786 |
|
c4 |
-3.158094 |
2.214824 |
-1.425889 |
0.153900 |
|
a1 |
0.022598 |
0.234861 |
0.096217 |
0.923349 |
|
a3 |
-0.057324 |
0.479939 |
-0.119441 |
0.904926 |
|
a4 |
-0.255889 |
0.967343 |
-0.264527 |
0.791374 |
|
a5 |
-0.694210 |
1.738182 |
-0.399389 |
0.689607 |
|
a6 |
-0.911166 |
1.378700 |
-0.660888 |
0.508684 |
|
I2 |
-0.140736 |
0.608300 |
-0.231359 |
0.817036 |
|
I3 |
-0.416781 |
1.109827 |
-0.375536 |
0.707262 |
|
Robust test |
for first-order |
serial correlation: -0.814 |
[ 54 ] | |
|
Robust test |
for second-order |
serial correlation: 0.620 |
[ 54 ] | |
36
More intriguing information
1. TOWARD CULTURAL ONCOLOGY: THE EVOLUTIONARY INFORMATION DYNAMICS OF CANCER2. SOME ISSUES CONCERNING SPECIFICATION AND INTERPRETATION OF OUTDOOR RECREATION DEMAND MODELS
3. The name is absent
4. The name is absent
5. The name is absent
6. ENERGY-RELATED INPUT DEMAND BY CROP PRODUCERS
7. Bidding for Envy-Freeness: A Procedural Approach to n-Player Fair Division Problems
8. Credit Markets and the Propagation of Monetary Policy Shocks
9. Studies on association of arbuscular mycorrhizal fungi with gluconacetobacter diazotrophicus and its effect on improvement of sorghum bicolor (L.)
10. MANAGEMENT PRACTICES ON VIRGINIA DAIRY FARMS