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Table 1 Beveridge curve estimation

From: Shifts in euro area Beveridge curves and their determinants

Dependent (1) (2) (3) (4) (5)
var.: U t EA DE ES FR IT
U t−1 1.53*** 1.99*** 1.57*** 1.25*** 1.03***
  (0.11) (0.10) (0.07) (0.10) (0.10)
U t−2 –0.57*** –1.38*** –0.63*** –0.36*** –0.06
  (0.20) (0.18) (0.07) (0.09) (0.10)
U t−3 0.20 0.36***    
  (0.20) (0.09)    
U t−4 –0.42**     
  (0.19)     
U t−5 0.20**     
  (0.09)     
L S t –0.02*** –0.03* –0.05 –0.02*** –0.02*
  (0.01) (0.01) (0.05) (0.01) (0.01)
L S t−1   –0.01 –0.07   
   (0.02) (0.05)   
L S t−2   0.02 –0.00   
   (0.02) (0.05)   
L S t−3   –0.00 –0.03   
   (0.01) (0.05)   
\(D^{\text {cri}}_{t}{LS}_{t}\) 0.02* 0.02 0.06 0.02 –0.07
  (0.01) (0.01) (0.07) (0.02) (0.08)
\(D^{\text {cri}}_{t-1}{LS}_{t-1}\)   –0.03 0.11   
   (0.02) (0.08)   
\(D^{\text {cri}}_{t-2}{LS}_{t-2}\)   0.05*** 0.10   
   (0.02) (0.08)   
\(D^{\text {cri}}_{t-3}{LS}_{t-3}\)   –0.03** –0.13*   
   (0.01) (0.07)   
\(D^{\text {emu}}_{t}\) –0.07*** 0.02 –0.28*** –0.15** –0.19***
  (0.03) (0.03) (0.10) (0.07) (0.07)
\(D^{\text {cri}}_{t}\) 0.09** –0.10** 0.53*** 0.14** –0.02
  (0.04) (0.04) (0.16) (0.05) (0.21)
\(D^{\text {rec}}_{t}\) 0.12** 0.04 0.33*** 0.10 0.18***
  (0.05) (0.03) (0.12) (0.07) (0.06)
Cons. 0.51*** 0.22** 1.05*** 1.09*** 0.32*
  (0.10) (0.09) (0.25) (0.30) (0.17)
Obs. 104 97 104 96 104
Adj- R 2 0.99 1.00 1.00 0.97 0.98
RMSE 0.10 0.10 0.27 0.17 0.25
  1. Standard errors in parentheses. Sample period: 1990Q1–2014Q1
  2. ***p < 0.01, **p < 0.05, *p < 0.1