Keynesian Dynamics and the Wage-Price Spiral:Estimating a Baseline Disequilibrium Approach



Dependent Variable DP

Centered R**2     0.832898      R Bar **2   0.759578

Uncentered R**2   0.959052      T x R**2     136.185

Mean of Dependent Variable      0.0106653293

Std Error of Dependent Variable 0.0060978384

Standard Error of Estimate      0.0029899457

Sum of Squared Residuals        0.0008760980

Durbin-Watson Statistic             1.605294

Variable                     Coeff       Std Error T-Stat Signif

6.

DW{1}

0.082390164

0.045812523

1.79842

0.07211045

7.

DFP

0.942049199

0.061753718

15.25494

0.00000000

8.

VC{1}

0.046450989

0.005597851

8.29800

0.00000000

9.

D74

0.010522748

0.001763341

5.96751

0.00000000

10.

Constant

-0.038614621

0.004684016

-8.24391

0.00000000

Dependent Variable DVL

Centered R**2     0.522405      R Bar **2   0.305765

Uncentered R**2   0.522583      T x R**2      74.207

Mean of Dependent Variable      0.0000688254

Std Error of Dependent Variable 0.0035759981

Standard Error of Estimate      0.0029795500

Sum of Squared Residuals        0.0008611387

Durbin-Watson Statistic             1.899020

Variable                     Coeff       Std Error T-Stat Signif

11.

VL{1}

0.442497469

0.075962496

5.82521

0.00000001

12.

VL{2}

-0.453181272

0.071466282

-6.34119

0.00000000

13.

VC{1}

-0.007408317

0.007570160

-0.97862

0.32776736

14.

UKBP

-0.102245939

0.022041647

-4.63876

0.00000351

15.

D74

-0.002718577

0.001376292

-1.97529

0.04823509

16.

Constant

0.016128849

0.013268927

1.21554

0.22416201

Dependent Variable DVC

Centered R**2     0.453939      R Bar **2   0.214341

Uncentered R**2   0.454225      T x R**2      64.500

Mean of Dependent Variable      -0.000323944

Std Error of Dependent Variable 0.014185973

Standard Error of Estimate       0.012574082

Sum of Squared Residuals        0.0154945396

Durbin-Watson Statistic             1.538509

Variable                     Coeff       Std Error T-Stat Signif

32



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