Kugler, Peter; Kaufmann, Sylvia - 2005
series, namely inflation measured by the harmonized CPI ( p), GDP growth ( y),
the output gap (x, defined as the log of the ….32 0.795**
r -6.88*** 0.118
R -1.06 0.799**
R -6.16*** 0.171
x -2.94* 0.095
y -8.47*** 0.124
m-p(test with … r, R, ( m), x and ( p) with three
cointegrating relations R-r, m- p and x. For computational convenience in the …