Table 2 Forecast error variance...

Table 2

Forecast error variance decomposition of the real exchange rate for Egypt

Period	Supply shocks	Demand shocks	Financial shocks
0	0.3854	0.5973	0.0173
1	0.3826	0.6066	0.0107
2	0.3808	0.6121	0.0071
3	0.3800	0.6149	0.0051
4	0.3797	0.6164	0.0039
5	0.3796	0.6173	0.0031
6	0.3796	0.6178	0.0026
7	0.3798	0.6181	0.0022
8	0.3799	0.6182	0.0019
9	0.3801	0.6183	0.0017
10	0.3802	0.6183	0.0015
11	0.3803	0.6183	0.0014
12	0.3805	0.6183	0.0012
13	0.3806	0.6183	0.0011
14	0.3806	0.6183	0.0011
15	0.3807	0.6183	0.0010
16	0.3808	0.6183	0.0009
17	0.3808	0.6183	0.0009
18	0.3809	0.6183	0.0008
19	0.3809	0.6183	0.0008
20	0.3809	0.6183	0.0007

Period	Supply shocks	Demand shocks	Financial shocks
0	0.3854	0.5973	0.0173
1	0.3826	0.6066	0.0107
2	0.3808	0.6121	0.0071
3	0.3800	0.6149	0.0051
4	0.3797	0.6164	0.0039
5	0.3796	0.6173	0.0031
6	0.3796	0.6178	0.0026
7	0.3798	0.6181	0.0022
8	0.3799	0.6182	0.0019
9	0.3801	0.6183	0.0017
10	0.3802	0.6183	0.0015
11	0.3803	0.6183	0.0014
12	0.3805	0.6183	0.0012
13	0.3806	0.6183	0.0011
14	0.3806	0.6183	0.0011
15	0.3807	0.6183	0.0010
16	0.3808	0.6183	0.0009
17	0.3808	0.6183	0.0009
18	0.3809	0.6183	0.0008
19	0.3809	0.6183	0.0008
20	0.3809	0.6183	0.0007

Source(s): Authors' estimation

Sharing Unavailable