New MicroTSP Workfilee3p   URL+&AR pn CUR+` v`"CDR+%囏R,` v`=%CONSUMPTIONR(囏R,` v`d(CPIy+囏R,` v`+D97.wR,` v`.DEFLATOR1囏R,` v`1FFR4囏R,` v`4GDP 8囏R,` v`8INDPROD3;囏R,` v`E;M1Z>囏R,` v`l>M2A囏R,` v`ANEERD囏R,` v`DPRIMEG囏R,` v`GQ1J囏R,` v`KQ2N囏R,` v`/NQ3DQ囏R,` v`VQQ4kT囏R,` v`}TREERW囏R,` v`WRESIDUR,` v`bZRESID01T] R,` v`f]TBR{`囏R,`fEQ01R`DpEQ0101-R`wEQ02&R`{"$'+7.U1|47:=A?DfGJMPT)WPZ]`>9zrH3Mް0@.@͠@k߬C4nED?/~Wӈֿ2x7!LL{Gz @)\ @Gz @zG@ףp= @ ףp= @@p= ף@{Gz@Q@)\( @Q @Q @ ףp= @Q @= ףp= @ @ffffff@q= ףp@q= ףp@Q@ ףp= @ ףp= @zG@Q@(\@Q@p= ף@(\@(\@ffffff@Q@333333@\(\@Q@@@Q@Q@= ףp=@Q@HzG@Q@\(\@ ףp= @ffffff@Q @{Gz@Q?HzG?)\(?ףp= ?)\(?Q?Q????333333?@= ףp=@ףp= @Q @333333@zG@Q@(\@HzG@= ףp=@HzG@Gz@Gz@ףp= @Gz@{Gz@(\@22x76$[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW$LL\(e@Qϭ@Q8O@{Ga{@Rk@Gz@Q_@33333@̌.@(\a@GzT@Q@(\O@Hz^@Hz@Qޱ@q= #@^@Gz@(@ @HzR@ףp= @{Gaʳ@(\@Qp@= ףp@(@ףp=H@Ql@(\յ@Rk"@Q^e@G:ʶ@R+$@\(@Gշ@ ףp=]@= ף0@ ףp5@\չ@(\ @\@q= ף׺@(\+@Qi@Qx@(\@(\B>@(\@̌@(\@{G!|@Rk̽@{Gf@p= W@GzJ@3333ƿ@ףp=@Rd@Gzt@`@ףp=+@G^@Q%@3333@3333!@Q~F@l@G@@(\R@ffff&@@@(e@22x76'[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW'LLfffffR@ףp= R@S@)\hS@RS@S@HzS@GzS@R!T@QKT@GztT@T@fffffT@(\T@GzU@)U@\(LU@QnU@(\U@U@ףp= U@)\V@zG1V@LV@q= ףV@V@)\V@(\W@ ףp=*W@RAW@YW@zGqW@zGW@zGW@)\W@GzW@(\W@zG!X@HzGX@GznX@QX@QX@zG!Y@GzDY@RY@fffffY@QY@\(Y@p= Y@QZ@Q8Z@= ףpMZ@zGZ@ ףp=Z@QZ@Z@{G [@Gzn[@ףp= [@q= ף[@= ףp[@<\@Gz\@ ףp=\@R\@Q^]@)\]@QH]@Q]@(\%^@Q;^@(\r^@{G^@Qx_@(\_@(\^@22x76*[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW"+LL??????????????????????????????????????????????2x76.[History] Modified: 1990Q1 2008Q4 // d97 = 0 Modified: 1997Q3 2008Q4 // d97=1NNI.LLQT@p= ST@RT@T@QT@{G U@q= ף0U@= ףpMU@GznU@\(U@QU@RU@= ףpU@\( V@Gz$V@(\BV@QeV@|V@RV@̼V@RV@ףp= V@(\W@Q.W@QUW@ ףp=jW@|W@̜W@33333W@= ףpW@RW@fffffW@(\X@X@fffff&X@Q;X@QUX@{GjX@q= ףX@QX@GzX@X@q= ףY@{G*Y@Q^Y@Y@QY@\(Y@GzY@\(Y@QZ@ ףp=:Z@GznZ@p= ׃Z@ףp= Z@\(Z@Q [@QK[@(\r[@{G[@zG[@fffff\@Gz^\@R\@R\@Gz]@ףp= G]@Qn]@= ףp]@33333]@^@(\/^@q= ף`^@)\x^@p= ^@Q^@22x761[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WWg1LL @{Gz @RQ @(\@Q@q= ףp@(\@HzG@Gz@)\(@Gz @RQ@RQ@@{Gz@Q@Gz @Q@(\@Gz@= ףp=@Gz@333333@zG@q= ףp@(\@= ףp=@Q@Q@Gz@Q@ ףp= @Gz@@Q@q= ףp@Q@@\(\@= ףp=@Q@Gz@Gz@zG@\(\@RQ@ @ ףp= @Gz??ףp= ? ףp= ???RQ???)\(? ףp= ?333333?(\@Q@Gz @(\@ףp= @@@@ ףp= @@HzG@@q= ףp @Q@ ףp= ?RQ?22x76F4[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW4LLQ^T@= ף@= ףpٶ@(\ض@)\@p= WL@ffff@(\Ϸ@(4@@@(\BT@Q@Թ@{G@)\5@@̌v@q= #˻@)\5@@GzT@= ף@Gz@ ףp}b@q= #Ƚ@{G`@G:@3333s@@p= ױ@)\5@Hz^@@GZ@)\@(\*@ףp=|@ףp=J@Hz@(0@Q@Gz@zg/@\C@Rp@@3333s@̌@ffff&@ffff.@L]@3333@̌@@ffff'@ @@F@ffff&@3333@@V@3333@@}@33333@O@ @@ @3333sc@@L?@g@fffff@@@fffff&@L@22x76m7[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW7LLGzP@33333P@zGP@(\P@(\OP@iP@q= ףP@HzP@ףp= P@q= ףP@= ףp Q@Q;Q@RaQ@GznQ@QQ@QQ@ ףp= R@Q[R@(\•R@R@Q;S@ףp= GS@GztS@̜S@QS@fffff&T@HzgT@T@ףp= U@ ףp=jU@U@{GzV@(\µV@RV@ W@HzWW@ףp= W@QW@ ףp= X@RX@= ףpX@{GY@ףp= Y@RY@QX@GzTX@ףp= W@QW@HzW@(\%X@)\HX@q= ף@X@iX@{G:X@(\eX@(\X@HzX@fffffX@ףp= Y@RaY@QY@ףp= Y@(\Y@Q Z@@Z@{GjZ@{GZ@Q{Z@QZ@ ףp=Z@ףp= [@ [@p= [@QZ@9Z@pY@22x76:[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW:LLԈ@H@̈@U@ @Ŋ@@̜@ @@@fffffV@@33333@33333+@33333@fffff@33333ב@@Z@33333͑@ԑ@ɑ@@x@l@@33333G@̴@33333@@&@ϐ@̐@fffff@̄@&@fffff(@@@S@333337@@fffff^@\@@fffff@@33333@̨@33333@t@r@fffff@33333@Д@fffff@@@33333@fffff@fffff@L@ҕ@ȕ@@ @33333@fffff@33333a@fffff@̨@33333@̰@fffffl@fffffb@12x76=[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW>LL@@33333l@33333@ @7@1@fffff@̣@fffff@fffff@@fffff@@@fffff\@<@A@?@}@33333\@33333ɫ@,@fffff@@fffff+@Z@@A@u@@fffff@#@33333N@ffff枰@3333/@i@fffff@Lı@33332@y@@3333۲@33333M@޳@@fffffϴ@LL@̇@@33333@@fffff@fffffY@@·@L@ffffn@@@0@fffff]@̨@3333@ffffw@@3333ܺ@33333@@fffff1@@ffff@@@Q@@12x76@[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW*ALL)\8V@RAV@ ףp=*U@333333T@Gz~T@QU@U@)\T@U@33333#U@p= #T@RaU@RV@ףp= wU@= ףpU@Q>V@= ףp]V@= ףpU@Q5U@ U@T@zGS@QHT@GzT@)\U@{GJU@333333U@(\RU@ ףp=jV@p= V@Q+W@(\RW@p= W@Gz>X@ףp= X@(\EW@GztW@(\X@QW@(\oW@q= ףX@(\X@fffff6Y@ Z@Y@Z@̌Z@ ףp=Z@Gzt[@33333cZ@\(NP}ERUD<[OU:NSw脙IJJeB:Jw33S#6oC& $nB@y&pP@0Q@dHBT@Ƅz?Z@5P ]@ B&?%[@ؔ3\@$]\@B-hZ@0PE+R@|5K@kmMG@BRY6@&*k86Mga14p%=.Zf1*`e1z*:4!9E4Zwx8J1?O[9&BM6*zz5>\nCJ^rmPGoxOo_Sz޿;ƓRWOڂOM6dRXMT@n:Rw6N&H-0Le.xJ R9L"5@VR> *3@SWq?@*F@DmKP@ DouO@wD@3S@lH@ƖrZ4@ &C@<ƽH@,7/@C^V?ƚ=WQ"&Ez'aHWW ,P;MZ@2x76ZLLXFNP}ERUD<[OU:NSw脙IJJeB:Jw33S#6oC& $nB@y&pP@0Q@dHBT@Ƅz?Z@5P ]@ B&?%[@ؔ3\@$]\@B-hZ@0PE+R@|5K@kmMG@BRY6@&*k86Mga14p%=.Zf1*`e1z*:4!9E4Zwx8J1?O[9&BM6*zz5>\nCJ^rmPGoxOo_Sz޿;ƓRWOڂOM6dRXMT@n:Rw6N&H-0Le.xJ R9L"5@VR> *3@SWq?@*F@DmKP@ DouO@wD@3S@lH@ƖrZ4@ &C@<ƽH@,7/@C^V?ƚ=WQ"&Ez'aHWW ,P;MZ@2x76\[History] Modified: 1990Q1 2008Q4 // eq01.makeresid44 ]LL ףp= @Gz@(\@Gz@333333@\(\@p= ף@RQ@HzG@(\ @ ףp= @p= ף@Q@ףp= @)\(@p= ף@ @)\(@ ףp= @Q@Q@{Gz@Q@Gz@@)\(@(\@zG@= ףp=@HzG@= ףp=@\(\@RQ@ ףp= @Q@= ףp=@Gz@ףp= @(\@333333@)\(@Gz@ ףp= @)\(@@q= ףp @)\( @\(\?Gz?Q?ffffff??ffffff??(\?q= ףp?q= ףp?HzG?ףp= ?@= ףp=@(\@(\ @p= ף@{Gz@@Gz@(\@Q@ ףp= @(\@Gz @333333@= ףp=?(\?(\?22x76_[History] Imported from 'C:\Work\Courses\301\2013.Fall\M.II\US_money_interest (1).xls'WW$`M1 C FFR GDP CPI Q1 Q2 Q31990Q1 2008Q4C(1) C(2) C(3) C(4) C(5) C(6) C(7) C FFR GDP CPI Q1 Q2 Q3 M1M1 = C(1) + C(2)*FFR + C(3)*GDP + C(4)*CPI + C(5)*Q1 + C(6)*Q2 + C(7)*Q31990Q1 2008Q4t77?@i/@CL?pe@&I LM@ Փo0&@<: AY+Y&@y>}#X@~%'oc? Q9BA8BA8BA8@S@<: ABA8[>R A\LG;@B^܁< ]UBBs$8X@Mm"G@|XHw4ɿZC@ד.&@Q(_RL ,!h?V0o ⿰䤱&av?EͰ? "oZ@70@dt[?RMvhU@tTS@zDYlO@I`DT]@4 }?V@)[@Sample: 1990Q1 2008Q4Included observations: 76HAC standard errors & covariance (Bartlett kernel, Newey-West fixed bandwidth = 4.0000)t77?@i/@CL?pe@&I LM@ Փo0&@<: AY+Y&@y \\&@ >}#X@ ~%'oc? Q9@S@<: A||S@A8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8`peee a-C6?oc,TAaOaaURbbXXcemc>9zrH3Mް0@.@͠@k߬C4nEN``$$```II`>8AefXURUR  dee1a s! A Håho09@CQPZq@V@åhuT@E@VP>:ǿNB@SAE$@Q09@ h>M1 C FFR GDP CPI Q1 Q2 Q3 AR(1) AR(2)1990Q1 2008Q4C(1) C(2) C(3) C(4) C(5) C(6) C(7) C(8) C(9) C FFR GDP CPI Q1 Q2 Q3 AR(1) AR(2) M1M1 = C(1) + C(2)*FFR + C(3)*GDP + C(4)*CPI + C(5)*Q1 + C(6)*Q2 + C(7)*Q3 + [AR(1)=C(8),AR(2)=C(9)]1990Q3 2008Q4_:ǿNB@SAE$@Q09@ h>RESID01 RESID01(-1 TO -4)1990Q1 2008Q4C(1) C(2) C(3) C(4) RESID01(-1) RESID01(-2) RESID01(-3) RESID01(-4) RESID01RESID01 = C(1)*RESID01(-1) + C(2)*RESID01(-2) + C(3)*RESID01(-3) + C(4)*RESID01(-4)1991Q1 2008Q4NX_?Bc?oo~?=4@L@6>;@i@#@R @˖Z#@yvh;@i@#@R @˖Z#@yvh:ǿNB@SAE$@Q09@ h>1990Q1 2008Q4KzLKL+&Aquestion_2.wf1Untitled@ALL{L+&A+&Aa&AL+&Aa&A+&Aa&A Yz{ {AH{=<f{