Table 1 Summary statistics Variable Obs... | Emerald Publishing

Table 1

Summary statistics

Variable	Obs	Mean	Std. dev.	Min	Max	Skewness	Kurtosis	W' test
$r_{t}$	99	7.5379	2.5272	3.5	13.5	0.0084	0.7098	0.95012
$y_{t}$	99	1.1142	1.4470	−8.2485	8.7739	0.0000	0.0000	0.60504
$r *_{t}$	99	2.0523	4.7915	−12.8339	15.2516	0.8205	0.0193	0.95944
$π_{t}$	99	5.5714	2.3023	0.4333	13.4	0.0006	0.0053	0.92810
$π_{t}^{'}$	99	−0.4286	2.3023	−5.5667	7.4	0.0006	0.0053	0.92810
$y^{'}_t$	99	1.1142	0.3109	0.6190	1.7246	0.0622	0.0894	0.95465
$M C I_c n t_{t}$	96	−0.0043	0.2217	−0.8327	0.6103	0.0018	0.0008	0.92850
$M C I_t v p_{t}$	90	4.7586	8.4595	−15.0081	49.5767	0.0000	0.0000	0.67787

Variable	Obs	Mean	Std. dev.	Min	Max	Skewness	Kurtosis	W' test
$r_{t}$	99	7.5379	2.5272	3.5	13.5	0.0084	0.7098	0.95012
$y_{t}$	99	1.1142	1.4470	−8.2485	8.7739	0.0000	0.0000	0.60504
$r *_{t}$	99	2.0523	4.7915	−12.8339	15.2516	0.8205	0.0193	0.95944
$π_{t}$	99	5.5714	2.3023	0.4333	13.4	0.0006	0.0053	0.92810
$π_{t}^{'}$	99	−0.4286	2.3023	−5.5667	7.4	0.0006	0.0053	0.92810
$y^{'}_t$	99	1.1142	0.3109	0.6190	1.7246	0.0622	0.0894	0.95465
$M C I_c n t_{t}$	96	−0.0043	0.2217	−0.8327	0.6103	0.0018	0.0008	0.92850
$M C I_t v p_{t}$	90	4.7586	8.4595	−15.0081	49.5767	0.0000	0.0000	0.67787

Note(s): Skewness and kurtosis tests for normality and Shapiro–Francia W′ test for normality