Table 6 Short-run estimates based on PMG for the United Kingdom
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 | − 0.053262 | 0.000235 | − 226.8807 | 0.0000*** |
D (LEXC)t-1 | − 0.006628 | 0.004373 | − 1.515481 | 0.2269 |
D(LEXC)t-2 | 0.103389 | 0.004356 | 23.73475 | 0.0002*** |
D(LTD) | 0.030027 | 7.39E-05 | 406.4076 | 0.0000*** |
D(LTD)t-1 | 0.027618 | 6.26E-05 | 440.8620 | 0.0000*** |
Trend | − 2.57E-05 | 1.85E-05 | − 138,933.7 | 0.0000*** |
Cons | − 0.046517 | 0.000124 | − 374.9914 | 0.0000*** |