Economic Models - Convex Optimization

Inflation Control in Central and Eastern European Countries 195
Table 2a.
Poland, 1994 onwards.
AD
[sample: 94Q1–04Q1]
ŷ t = 0.020 + 0.467y t−1 − 0.0027r t−1
[N: 0.00] [AC: 0.047] [H: 0.49] [Chow: 0.046] [W: 0.57]
PC
[sample: 94Q1–04Q1]
ˆπ =−0.64π t−1 − 0.67π t−2 − 0.51π t−3 + 21.46(q t−1 − q t−5 )
[N: 0.00] [AC: 0.056] [H: 0.29] [Chow: 0.36] [W: 0.06] [Chow: 2000Q2: 0.65]
Table 2b.
Poland, restricted sample.
AD
[sample: 95Q1–04Q1]
ŷ t = 0.021 + 0.454y t−1 − 0.0029r t−1
[N: 0.00] [AC: 0.07] [H: 0.54] [Chow: 0.54] [W: 0.64]
PC
[sample: 94Q1–04Q1]
ˆπ t =−0.57π t−1 − 0.76π t−2 − 0.47π t−3 + 16.09(q t−1 − q t−5 )
[N: 0.57] [AC: 0.25] [H: 0.79] [W: 0.39]