Table 8 Wald test of parameter symmetry... | Emerald Publishing

Table 8

Wald test of parameter symmetry

	Market expectations		Survey expectations
	Wald test for long-run symmetry	Wald test for short-run symmetry	Wald test for long-run symmetry	Wald test for short run symmetry
GBPCAD	0.0000***	0.0002***	0.0000***	0.0000***
GBPAUD	0.0018***	0.3750	0.0651*	0.0000***
GBPNZD	0.0280**	0.0069***	0.0358**	0.0003***
GBPSEK	0.0021***	0.0031***	0.0126**	0.0148**
CADAUD	0.0278***	0.0000***	0.0278**	0.0000***
CADNZD	0.8779	0.0360**	0.7392	0.0729*
CADSEK	0.0324**	0.0000***	0.0489**	0.0000***
AUDNZD	0.0000***	0.0000***	0.0000***	0.0000***
AUDSEK	0.0081***	0.0000***	0.0117**	0.0000***
NZDSEK	0.7883	0.0117**	0.0005***	0.0000***

	Market expectations		Survey expectations
	Wald test for long-run symmetry	Wald test for short-run symmetry	Wald test for long-run symmetry	Wald test for short run symmetry
GBPCAD	0.0000***	0.0002***	0.0000***	0.0000***
GBPAUD	0.0018***	0.3750	0.0651*	0.0000***
GBPNZD	0.0280**	0.0069***	0.0358**	0.0003***
GBPSEK	0.0021***	0.0031***	0.0126**	0.0148**
CADAUD	0.0278***	0.0000***	0.0278**	0.0000***
CADNZD	0.8779	0.0360**	0.7392	0.0729*
CADSEK	0.0324**	0.0000***	0.0489**	0.0000***
AUDNZD	0.0000***	0.0000***	0.0000***	0.0000***
AUDSEK	0.0081***	0.0000***	0.0117**	0.0000***
NZDSEK	0.7883	0.0117**	0.0005***	0.0000***

Note(s): Wald test of the null hypothesis of parameter symmetry

*** significant at 1% level; ** significant at 5% level; * significant at 10% level