Economic Models - Convex Optimization

196 Fabrizio Iacone and Renzo Orsi
Table 3.
Czech Republic, restricted sample.
AD
[sample: 98Q1–04Q1]
ŷ t = 0.010 t−1 − 0.03r t−1 + 0.083(q t−1 − q t−5 )
(0.006) (0.116) (0.001)
(0.050)
[N: 0.79] [AC: 0.07] [H: 0.54] [W: 0.15]
PC
[sample: 98Q1–04Q1]
ˆπ t =−0.76π t−1 − 0.21π t−2 − 0.31π t−3 + 32.55(q t−1 − q t−5 )
[N: 0.71] [AC: 0.34] [H: 0.33] [W: 0.26]
Table 4.
Slovenia.
AD
[sample: 94Q1–03Q3]
ŷ t = 0.226y t−1 + 0.343w t−1
(0.167) (0.234)
[N: 0.30] [AC: 0.37] [H: 0.86] [Chow 0.31] [W: 0.31]
PC
[sample: 94Q1–03Q4]
ˆπ t =−0.60π t−1 − 0.66π t−2 − 0.45π t−3 + 52.64(q t−1 − q t−5 )
[N: 0.44] [AC: 0.35] [H: 0.65] [Chow: 0.83] [W: 0.15] [Break 2001Q1:0.69]