Economic Models - Convex Optimization

Inflation Control in Central and Eastern European Countries 199
Table 5d.
Czech Republic, whole dataset.
AD
ŷ t = 0.007 + 0.617y t−1 − 0.0001r t−1
(0.005) (0.140) (0.001)
[N: 0.44] [AC: 0.94] [H: 0.06] [Chow: 0.01]
PC
ˆπ t = 2.45 − 0.24π t−1
(1.17)
(0.19)
− 0.186w t−1
(0.229)
− 0.68π t−1 − 0.28π t−2
(0.21) (0.19)
+33.22(q t−1 − q t−5 )
− 0.36π t−3 +22.10y t−1
(0.10) (24.4)
[N: 0.00] [AC: 0.25] [H: 0.086 [Chow: 0.01]
[sample: 93Q4–04Q1]
+ 0.047(q t−1 + q t−5 )
(0.063)
[sample: 94Q1–04Q1]
[W:0.19]