Table 8 Short-run estimates based on PMG for Brazil
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 | − 0.061035 | 0.000374 | − 163.1563 | 0.0000*** |
D (LEXC)t-1 | − 0.016083 | 0.004356 | − 3.691642 | 0.0345** |
D(LEXC)t-2 | 0.105758 | 0.004319 | 24.48004 | 0.0001*** |
D(LTD) | 0.054543 | 0.000868 | 62.84917 | 0.0000*** |
D(LTD)t-1 | 0.036657 | 0.000574 | 63.83433 | 0.0000*** |
Trend | − 4.98E-05 | 9.38E-10 | − 53,073.49 | 0.0000*** |
Cons | 0.064967 | 0.000642 | 101.2345 | 0.0000*** |