Figures & data
Table 1. Variable description and data source
Table 2. Summary statistics of key variables
Table 3. ADF unit root test results
Table 4. Johansen co-integration test result
Figure 1. Inverse roots of AR characteristic polynomial.
Table 5. VAR lag order selection criteria
Table 6. VEC granger causality/block exogeneity wald test results-probabilities
Figure 2. Response of LCPI to Cholesky one S.D innovations.
Figure 3. Impulse response results of LNEER, LCPI, LPPI, LIPI.
Table 7. Variance decomposition of LCPI (2003–2012)
Figure 4. Comparisons of impulse responses of price levels to LNEER.
