The name is absent



24

Table 8

Forecast breakdown tests, Germany

West Germany, 1985:1 - 1998:4

A

x = GDP

x = unemployment rate

sMed

sDf

sMom

sWMed

s'

s.M

sDif

s Mom

sWMed

^t

1

-2.12

-2.09

-1.70

-1.63

-1.38

-1.51

-1.52

-1.43

-0.82

-0.76

2

-2.54

-2.96

-2.31

-1.25

-1.39

-1.8°

-2.11

-2.27

-0.45

-°.89

3

-2.48

-3.12

-2.54

-1.45

-1.62

-1.47

-1.96

-2.44

-0.43

-1.°3

4

-3.48

-3.25

-1.71

-1.99

-2.16

-2.24

-2.11

-1.93

-°.8°

-1.42

Germany, 1993:1 - 2007:4

________________x = GDP_______________

x =

unemployment rate

A

s Med

SDif

s Mom

sWMed

St

s.M

sDf

s Mom

sWMed

St

1

1.6*

2**

°.5

1.6°*

2.°°**

2.2**

2**

°.91

1.6°*

2.1°**

2

1.2

1.9**

°.67

1.5°*

2.3°**

2.1**

1.7**

°.69

1.3°*

2.3°**

3

1.2

°.82

°.6

°.78

2.°°**

2.1**

°.86

°.35

°.79

2.2°**

4

1.8**

1

°.54

°.91

2.8°***

3***

1.4*

°.28

°.99

2.9°***

Notes: The Table reports the FB-test statistics. *** (**) (*) denotes significance at the 0.99 (0.95) (0.90)
level. Throughout the estimation the lag length is fixed to 2.



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