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



Std Error of Dependent Variable 0.0109072628

Standard Error of Estimate      0.0114568646

Sum of Squared Residuals        0.0129947148

Durbin-Watson Statistic             1.885672

Variable                     Coeff       Std Error T-Stat Signif

18.

DP{1}

0.560533027

0.163625222

3.42571

0.00061319

19.

VC{1}

0.062208851

0.017968086

3.46219

0.00053581

20.

RATE{1}

-0.081392279

0.031553949

-2.57946

0.00989537

21.

Constant

-0.050592198

0.015051926

-3.36118

0.00077611

22.

D74{1}

-0.022586355

0.006685026

-3.37865

0.00072843

Chi-Squared(404)= 450.332794 with Significance Level 0.05538152

Chi-Squared(2)= 3.229649 with Significance Level 0.19892557

Linear Model - Estimation by Restricted Regression
Dependent Variable UKBP

Variable                     Coeff

1.

DP{1}

0.262618684

2.

DFP

0.737381316

3.

VL{1}

0.164985342

4.

UKBP{1}

-0.070252058

5.

Constant

-0.151247052

6.

DW{1}

0.083696433

7.

DFP

0.916303567

8.

VC{1}

0.046957797

9.

D74

0.010443958

10.

Constant

-0.038759866

11.

DLVC{1}

0.046621832

12.

UKBP{1}

-0.103603694

13.

D74

-0.004016235

14.

VC{1}

-0.118759579

15.

RRATE{1}

-0.126515345

16.

UKBP{1}

-0.578622963

17.

Constant

0.103404222

18.

DP{1}

0.559054506

19.

VC{1}

0.062268453

20.

RATE{1}

-0.081677196

21.

Constant

-0.050604874

22.

D74{1}

-0.022604143

36



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