Skip to main content

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***

  1. ***Represents 1% level of significance