Table 10 Short-run estimates based on PMG for Italy
From: COVID-19 pandemic and the exchange rate movements: evidence from six major COVID-19 hot spots
Regressor | Coef | Std. Err. | t-Statistic | Prob. |
|---|---|---|---|---|
Dependent variable; Exchange rate | ||||
ECT | − 0.044567 | 0.000499 | − 98.33049 | 0.0000*** |
D (LEXC)t-1 | − 0.036869 | 0.004857 | − 7.590988 | 0.0047*** |
D(LEXC)t-2 | 0.000767 | 0.004647 | 0.164988 | 0.8794 |
D(LTD) | 0.112068- | 0.000973 | 115.2097 | 0.0000*** |
D(LTD)t-1 | − 0.047516 | 0.000891 | − 53.33798 | 0.0000*** |
Trend | 2.55E-05 | 2.69E-10 | 94,553.49 | 0.0000*** |
Cons | − 0.033554 | 0.000290 | − 115.8252 | 0.0000*** |