Table 12 Half-life estimation for the... | Emerald Publishing

Table 12

Half-life estimation for the ARDL and NARDL models

	ARDL model		NARDL model
	Market expectations	Survey expectations	Market expectations	Survey expectations
GBPCAD	5.22	3.29	1.14	0.99
GBPAUD	2.36	1.60	1.76	0.82
GBPNZD	1.86	1.74	1.78	0.87
GBPSEK	1.25	1.11	0.57	0.75
CADAUD	1.19	1.34	0.68	0.68
CADNZD	2.95	2.46	2.60	2.06
CADSEK	4.31	4.87	2.61	1.82
AUDNZD	1.11	1.08	0.38	0.39
AUDSEK	0.88	0.88	0.74	0.69
NZDSEK	0.96	1.00	0.72	0.41

	ARDL model		NARDL model
	Market expectations	Survey expectations	Market expectations	Survey expectations
GBPCAD	5.22	3.29	1.14	0.99
GBPAUD	2.36	1.60	1.76	0.82
GBPNZD	1.86	1.74	1.78	0.87
GBPSEK	1.25	1.11	0.57	0.75
CADAUD	1.19	1.34	0.68	0.68
CADNZD	2.95	2.46	2.60	2.06
CADSEK	4.31	4.87	2.61	1.82
AUDNZD	1.11	1.08	0.38	0.39
AUDSEK	0.88	0.88	0.74	0.69
NZDSEK	0.96	1.00	0.72	0.41

Note(s): Half-lives are calculated using the formula $\ln (0.5) / \ln (ρ)$ ⁠; where $ρ$ is the speed of reversion and are expressed in years