From: Economic policy uncertainty and the US stock market trading: non-ARDL evidence
Variables/Quantile | Q20 | Q40 | Q50 | Q60 | Q80 |
---|---|---|---|---|---|
GDP | 0.087 (7.14) | 0.0832 (6.54) | 0.0912 (5.16) | 0.103 (4.17) | 0.108 (4.82) |
INR | − 0.105 (− 2.22) | − 0.124 (− 3.71) | − 0.123 (− 3.54) | − 0.120 (− 3.21) | − 0.128 (− 3.95) |
INF | − 0.0049 (− 1.83) | − 0.0084 (− 3.46) | − 0.0070 (− 3.07) | − 0.0064 (− 2.63) | − 0.0058 (− 2.17) |
UM | 0.041 (1.80) | 0.028 (1.76) | 0.022 (1.89) | − 0.047 (− 1.92) | − 0.058 (− 1.94) |
ER | 0.159 (4.03) | 0.156 (2.19) | 0.149 (1.94) | 0.148 (2.26) | 0.140 (2.53) |
GD | − 0.00083 (− 1.78) | − 0.00047 (− 2.02) | − 0.00032 (− 1.25) | − 0.00018 (− 1.5) | − 0.00014 (− 1.55) |
EPU | − 0.012 (− 1.78) | − 0.014 (− 1.89) | − 0.019 (− 1.88) | − 0.0247 (− 1.90) | − 0.027 (− 1.91) |
C | 0.445 (2.88) | 0.438 (2.26) | 0.458 (2.31) | 0.455 (2.11) | 0.452 (2.87) |