Table 5 Slope heterogeneity test... | Emerald Publishing

Table 5

Slope heterogeneity test

Specification	Delta	Adj-Delta
SLOPE Y1 INF FX_C GOV-DEBT	18.100^***	18.551^***
SLOPE Y5 INF FX_C GOV-DEBT	28.195^***	28.897^***
SLOPE Y10 INF FX_C GOV-DEBT	29.773^***	30.515^***
SLOPE Y1 INF FX_C FIS_BAL	22.904^***	23.474^***
SLOPE Y5 INF FX_C FIS_BAL	36.595^***	37.506^***
SLOPE Y10 INF FX_C FIS_BAL	35.747^***	36.638^***
CURV Y1 INF FX_C GOV_DEBT	20.439^***	20.948^***
CURV Y5 INF FX_C GOV_DEBT	24.499^***	25.109^***
CURV Y10 INF FX_C GOV_DEBT	19.272^***	19.752^***
CURV Y1 INF FX_C FIS_BAL	11.079^***	11.355^***
CURV Y5 INF FX_C FIS_BAL	21.653^***	22.193^***
CURV Y10 INF FX_C FIS_BAL	15.430^***	15.814^***

Specification	Delta	Adj-Delta
SLOPE Y1 INF FX_C GOV-DEBT	18.100^***	18.551^***
SLOPE Y5 INF FX_C GOV-DEBT	28.195^***	28.897^***
SLOPE Y10 INF FX_C GOV-DEBT	29.773^***	30.515^***
SLOPE Y1 INF FX_C FIS_BAL	22.904^***	23.474^***
SLOPE Y5 INF FX_C FIS_BAL	36.595^***	37.506^***
SLOPE Y10 INF FX_C FIS_BAL	35.747^***	36.638^***
CURV Y1 INF FX_C GOV_DEBT	20.439^***	20.948^***
CURV Y5 INF FX_C GOV_DEBT	24.499^***	25.109^***
CURV Y10 INF FX_C GOV_DEBT	19.272^***	19.752^***
CURV Y1 INF FX_C FIS_BAL	11.079^***	11.355^***
CURV Y5 INF FX_C FIS_BAL	21.653^***	22.193^***
CURV Y10 INF FX_C FIS_BAL	15.430^***	15.814^***

Note(s): This table reports slope heterogeneity test (Bersvendsen and Ditzen (2021)). The significance levels at 0.01, 0.05, and 0.1 are denoted by ^***, ^**, and ^*, respectively

Source(s): Authors' calculation