Table 7. Standard errors of impulse responses on Figure 8.

log8091	log8096	log9206	SQ8091	SQ8096	SQ9206	HP8091	HP8096	HP9206	BK8091	BK8096	BK9206
a	b	c	a	b	c	a	b	c	a	b	c
1	0.0015	0.0002	-0.0034	-0.0004	0.0009	-0.0014	0.0020	0.0008	-0.0007	-0.0007	-0.0003	-0.0007
S.E	(0.0018)	(0.0019)	(0.0024)	(0.0022)	(0.0019)	(0.0025)	(0.0021)	(0.0019)	(0.0026)	(0.0002)	(0.0002)	(0.0003)
2	0.0004	-0.0006	0.0001	-0.0035	0.0005	0.0028	0.0008	0.0004	0.0017	-0.0024	-0.0007	-0.0029
S.E	(0.0030)	(0.0031)	(0.0068)	(0.0036)	(0.0031)	(0.0063)	(0.0033)	(0.0030)	(0.0063)	(0.0006)	(0.0007)	(0.0010)
3	-0.0014	-0.0032	-0.0012	-0.0071	-0.0013	-0.0005	-0.0001	-0.0007	-0.0029	-0.0049	-0.0009	-0.0060
S.E	(0.0042)	(0.0043)	(0.0095)	(0.0047)	(0.0043)	(0.0079)	(0.0042)	(0.0041)	(0.0080)	(0.0012)	(0.0014)	(0.0020)
4	-0.0003	-0.0031	-0.0033	-0.0061	0.0001	-0.0006	0.0024	0.0014	-0.0049	-0.0075	-0.0006	-0.0094
S.E	(0.0053)	(0.0053)	(0.0117)	(0.0054)	(0.0054)	(0.0094)	(0.0048)	(0.0049)	(0.0084)	(0.0018)	(0.0020)	(0.0029)
5	-0.0023	-0.0037	-0.0008	-0.0070	0.0003	-0.0005	0.0018	0.0021	-0.0053	-0.0095	0.0000	-0.0121
S.E	(0.0059)	(0.0062)	(0.0120)	(0.0055)	(0.0063)	(0.0100)	(0.0049)	(0.0054)	(0.0091)	(0.0025)	(0.0025)	(0.0035)
6	-0.0061	-0.0060	-0.0026	-0.0090	-0.0014	-0.0059	-0.0009	0.0015	-0.0118	-0.0106	0.0003	-0.0127
S.E	(0.0064)	(0.0070)	(0.0122)	(0.0058)	(0.0071)	(0.0111)	(0.0051)	(0.0058)	(0.0097)	(0.0032)	(0.0031)	(0.0038)
7	-0.0090	-0.0088	-0.0033	-0.0108	-0.0041	-0.0110	-0.0028	0.0003	-0.0148	-0.0112	0.0001	-0.0106
S.E	(0.0067)	(0.0076)	(0.0120)	(0.0060)	(0.0076)	(0.0126)	(0.0051)	(0.0058)	(0.0097)	(0.0038)	(0.0035)	(0.0038)
8	-0.0106	-0.0112	-0.0005	-0.0126	-0.0070	-0.0110	-0.0041	-0.0007	-0.0126	-0.0116	-0.0005	-0.0074
S.E	(0.0067)	(0.0080)	(0.0119)	(0.0063)	(0.0082)	(0.0141)	(0.0048)	(0.0056)	(0.0092)	(0.0044)	(0.0037)	(0.0039)
9	-0.0101	-0.0138	0.0041	-0.0127	-0.0101	-0.0079	-0.0039	-0.0022	-0.0090	-0.0119	-0.0008	-0.0045
S.E	(0.0067)	(0.0083)	(0.0117)	(0.0064)	(0.0085)	(0.0155)	(0.0045)	(0.0053)	(0.0085)	(0.0050)	(0.0038)	(0.0043)
10	-0.0110	-0.0164	0.0083	-0.0139	-0.0135	-0.0031	-0.0048	-0.0040	-0.0047	-0.0119	-0.0007	-0.0019
S.E	(0.0067)	(0.0086)	(0.0113)	(0.0066)	(0.0087)	(0.0165)	(0.0042)	(0.0049)	(0.0077)	(0.0056)	(0.0038)	(0.0048)
11	-0.0108	-0.0173	0.0108	-0.0135	-0.0153	0.0027	-0.0043	-0.0044	-0.0010	-0.0116	-0.0003	0.0019
S.E	(0.0068)	(0.0088)	(0.0107)	(0.0069)	(0.0089)	(0.0170)	(0.0039)	(0.0043)	(0.0069)	(0.0063)	(0.0037)	(0.0053)
12	-0.0102	-0.0177	0.0107	-0.0128	-0.0163	0.0078	-0.0032	-0.0044	0.0016	-0.0115	0.0000	0.0072
S.E	(0.0070)	(0.0091)	(0.0103)	(0.0071)	(0.0091)	(0.0176)	(0.0035)	(0.0038)	(0.0064)	(0.0071)	(0.0036)	(0.0056)
13	-0.0104	-0.0175	0.0106	-0.0128	-0.0169	0.0127	-0.0028	-0.0041	0.0028	-0.0121	0.0000	0.0117
S.E	(0.0071)	(0.0093)	(0.0098)	(0.0073)	(0.0094)	(0.0181)	(0.0031)	(0.0034)	(0.0061)	(0.0080)	(0.0034)	(0.0061)
14	-0.0102	-0.0166	0.0105	-0.0125	-0.0167	0.0171	-0.0019	-0.0031	0.0035	-0.0130	-0.0002	0.0135
S.E	(0.0072)	(0.0096)	(0.0092)	(0.0074)	(0.0097)	(0.0187)	(0.0029)	(0.0032)	(0.0061)	(0.0091)	(0.0033)	(0.0066)
15	-0.0099	-0.0157	0.0097	-0.0121	-0.0165	0.0210	-0.0010	-0.0022	0.0036	-0.0137	-0.0004	0.0124
S.E	(0.0074)	(0.0097)	(0.0085)	(0.0074)	(0.0100)	(0.0193)	(0.0027)	(0.0032)	(0.0061)	(0.0102)	(0.0031)	(0.0069)
16	-0.0094	-0.0144	0.0084	-0.0115	-0.0159	0.0244	-0.0002	-0.0013	0.0037	-0.0133	-0.0002	0.0101
S.E	(0.0077)	(0.0098)	(0.0077)	(0.0074)	(0.0103)	(0.0199)	(0.0026)	(0.0032)	(0.0060)	(0.0114)	(0.0032)	(0.0070)

Table 8. Standard errors of impulse responses on Figure 9.

log8091	log8096	log8206	log8706	SQ8091	SQ8096	SQ8206	SQ9706	HP8091	HP8096	HP9206	HP9706	BK8091	BK8096	BK9206
1	a	b	c	d	a	b	c	d	a	b	c	d	a	b	c
S.E.	(0.0017)	(0.0017)	(0.0032)	(0.0025)	(0.0021)	(0.0018)	(0.0024)	(0.0031)	(0.0019)	(0.0018)	(0.0024)	(0.0031)	(0.0002)	(0.0002)	(0.0003)
2	0.0031	0.0045	-0.0028	-0.0117	0.0068	0.0065	-0.0058	-0.0008	0.0025	0.0032	-0.0052	-0.0046	0.0001	0.0030	-0.0034
S.E.	(0.0029)	(0.0026)	(0.0095)	(0.0066)	(0.0035)	(0.0028)	(0.0057)	(0.0091)	(0.0030)	(0.0028)	(0.0057)	(0.0099)	(0.0004)	(0.0006)	(0.0010)
3	0.0053	0.0075	-0.0004	-0.0115	0.0101	0.0100	-0.0053	0.0024	0.0044	0.0055	-0.0026	-0.0045	0.0012	0.0052	-0.0070
S.E.	(0.0040)	(0.0032)	(0.0096)	(0.0093)	(0.0045)	(0.0036)	(0.0075)	(0.0092)	(0.0035)	(0.0035)	(0.0068)	(0.0100)	(0.0009)	(0.0012)	(0.0020)
4	0.0114	0.0120	-0.0023	-0.0138	0.0168	0.0154	-0.0076	0.0035	0.0078	0.0085	-0.0044	-0.0050	0.0039	0.0069	-0.0091
S.E.	(0.0051)	(0.0040)	(0.0098)	(0.0113)	(0.0056)	(0.0044)	(0.0088)	(0.0099)	(0.0039)	(0.0042)	(0.0071)	(0.0106)	(0.0016)	(0.0018)	(0.0027)
5	0.0120	0.0152	0.0061	-0.0125	0.0204	0.0186	-0.0022	0.0134	0.0097	0.0099	0.0029	0.0012	0.0061	0.0081	-0.0086
S.E.	(0.0068)	(0.0047)	(0.0114)	(0.0125)	(0.0075)	(0.0064)	(0.0101)	(0.0115)	(0.0047)	(0.0047)	(0.0070)	(0.0109)	(0.0028)	(0.0024)	(0.0030)
6	0.0112	0.0203	0.0013	-0.0149	0.0227	0.0226	-0.0011	0.0105	0.0104	0.0126	0.0052	-0.0003	0.0125	0.0089	-0.0061
S.E.	(0.0088)	(0.0055)	(0.0120)	(0.0135)	(0.0099)	(0.0063)	(0.0118)	(0.0125)	(0.0056)	(0.0049)	(0.0074)	(0.0106)	(0.0043)	(0.0032)	(0.0030)
7	0.0090	0.0235	0.0123	-0.0095	0.0225	0.0250	0.0028	0.0215	0.0082	0.0129	0.0117	0.0140	0.0161	0.0093	-0.0027
S.E.	(0.0112)	(0.0063)	(0.0115)	(0.0139)	(0.0127)	(0.0072)	(0.0130)	(0.0126)	(0.0061)	(0.0051)	(0.0075)	(0.0100)	(0.0063)	(0.0039)	(0.0029)
8	0.0051	0.0252	0.0115	-0.0029	0.0215	0.0261	0.0050	0.0213	0.0045	0.0119	0.0165	0.0138	0.0187	0.0092	0.0005
S.E.	(0.0134)	(0.0070)	(0.0114)	(0.0144)	(0.0155)	(0.0081)	(0.0138)	(0.0136)	(0.0062)	(0.0053)	(0.0076)	(0.0102)	(0.0086)	(0.0043)	(0.0029)
9	0.0021	0.0266	0.0096	0.0019	0.0206	0.0269	0.0052	0.0198	0.0012	0.0105	0.0178	0.0126	0.0210	0.0085	0.0020
S.E.	(0.0150)	(0.0077)	(0.0122)	(0.0148)	(0.0180)	(0.0089)	(0.0142)	(0.0151)	(0.0060)	(0.0062)	(0.0078)	(0.0111)	(0.0112)	(0.0046)	(0.0029)
10	-0.0003	0.0269	0.0080	0.0045	0.0200	0.0266	0.0023	0.0177	-0.0014	0.0082	0.0169	0.0073	0.0229	0.0072	0.0011
S.E.	(0.0157)	(0.0084)	(0.0121)	(0.0152)	(0.0201)	(0.0097)	(0.0144)	(0.0154)	(0.0056)	(0.0052)	(0.0078)	(0.0109)	(0.0140)	(0.0048)	(0.0028)
11	-0.0019	0.0270	0.0017	0.0053	0.0202	0.0261	-0.0022	0.0108	-0.0020	0.0060	0.0142	-0.0006	0.0234	0.0056	-0.0010
S.E.	(0.0150)	(0.0090)	(0.0110)	(0.0153)	(0.0215)	(0.0103)	(0.0143)	(0.0147)	(0.0052)	(0.0052)	(0.0078)	(0.0094)	(0.0169)	(0.0049)	(0.0027)
12	-0.0025	0.0271	-0.0014	0.0040	0.0208	0.0254	-0.0080	0.0075	-0.0011	0.0041	0.0100	-0.0078	0.0205	0.0039	-0.0022
S.E.	(0.0134)	(0.0096)	(0.0099)	(0.0149)	(0.0223)	(0.0109)	(0.0141)	(0.0148)	(0.0049)	(0.0050)	(0.0078)	(0.0083)	(0.0196)	(0.0050)	(0.0026)
13	-0.0028	0.0263	0.0019	0.0029	0.0216	0.0240	-0.0124	0.0116	0.0002	0.0018	0.0075	-0.0053	0.0135	0.0018	-0.0014
S.E.	(0.0115)	(0.0102)	(0.0096)	(0.0142)	(0.0223)	(0.0115)	(0.0140)	(0.0157)	(0.0049)	(0.0050)	(0.0077)	(0.0080)	(0.0216)	(0.0051)	(0.0029)
14	-0.0033	0.0251	0.0015	0.0015	0.0223	0.0225	-0.0161	0.0117	0.0011	-0.0004	0.0054	-0.0076	0.0026	-0.0006	0.0009
S.E.	(0.0104)	(0.0108)	(0.0095)	(0.0132)	(0.0218)	(0.0119)	(0.0140)	(0.0167)	(0.0052)	(0.0052)	(0.0076)	(0.0080)	(0.0224)	(0.0052)	(0.0036)
15	-0.0038	0.0236	0.0064	0.0000	0.0226	0.0207	-0.0182	0.0172	0.0011	-0.0025	0.0038	-0.0016	-0.0102	-0.0030	0.0039
S.E.	(0.0109)	(0.0113)	(0.0098)	(0.0122)	(0.0211)	(0.0124)	(0.0139)	(0.0178)	(0.0054)	(0.0050)	(0.0074)	(0.0082)	(0.0226)	(0.0051)	(0.0043)
16	-0.0046	0.0214	0.0088	-0.0014	0.0223	0.0187	-0.0192	0.0195	0.0001	-0.0046	0.0026	0.0018	-0.0234	-0.0046	0.0068
S.E.	(0.0122)	(0.0117)	(0.0098)	(0.0112)	(0.0202)	(0.0127)	(0.0139)	(0.0189)	(0.0053)	(0.0050)	(0.0071)	(0.0078)	(0.0247)	(0.0048)	(0.0047)