Table 5. Standard errors of impulse responses on Figure 6.

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	0.0002	-0.0004	-0.0029	0.0019	0.0004	-0.0021	0.0016	0.0010	-0.0024	0.0001	0.0000	-0.0004
S.E	(0.0010)	(0.0009)	(0.0013)	(0.0009)	(0.0008)	(0.0012)	(0.0009)	(0.0008)	(0.0011)	(0.0001)	(0.0001)	(0.0001)
2	-0.0019	-0.0023	-0.0030	-0.0003	-0.0012	-0.0026	-0.0004	-0.0002	-0.0027	0.0000	0.0000	-0.0014
S.E	(0.0014)	(0.0012)	(0.0018)	(0.0011)	(0.0010)	(0.0018)	(0.0011)	(0.0010)	(0.0015)	(0.0002)	(0.0003)	(0.0003)
3	-0.0016	-0.0020	-0.0021	0.0005	-0.0005	-0.0021	0.0004	0.0006	-0.0018	-0.0005	-0.0002	-0.0023
S.E	(0.0017)	(0.0015)	(0.0020)	(0.0011)	(0.0011)	(0.0019)	(0.0012)	(0.0010)	(0.0016)	(0.0004)	(0.0005)	(0.0004)
4	-0.0034	-0.0034	-0.0015	-0.0009	-0.0016	-0.0015	-0.0008	-0.0003	-0.0002	-0.0012	-0.0005	-0.0022
S.E	(0.0019)	(0.0016)	(0.0021)	(0.0010)	(0.0011)	(0.0021)	(0.0011)	(0.0010)	(0.0014)	(0.0005)	(0.0006)	(0.0006)
5	-0.0045	-0.0041	-0.0009	-0.0022	-0.0022	-0.0006	-0.0017	-0.0009	0.0000	-0.0019	-0.0007	-0.0012
S.E	(0.0022)	(0.0019)	(0.0020)	(0.0010)	(0.0012)	(0.0021)	(0.0011)	(0.0010)	(0.0013)	(0.0006)	(0.0007)	(0.0006)
6	-0.0043	-0.0041	-0.0012	-0.0020	-0.0024	-0.0002	-0.0008	-0.0004	-0.0002	-0.0024	-0.0007	0.0001
S.E	(0.0025)	(0.0023)	(0.0020)	(0.0012)	(0.0013)	(0.0022)	(0.0012)	(0.0011)	(0.0012)	(0.0007)	(0.0007)	(0.0006)
7	-0.0046	-0.0051	-0.0016	-0.0027	-0.0033	-0.0004	-0.0009	-0.0010	-0.0011	-0.0027	-0.0004	0.0009
S.E	(0.0028)	(0.0025)	(0.0021)	(0.0014)	(0.0014)	(0.0024)	(0.0012)	(0.0011)	(0.0011)	(0.0009)	(0.0007)	(0.0006)
8	-0.0038	-0.0049	-0.0013	-0.0024	-0.0031	0.0000	-0.0002	-0.0006	-0.0009	-0.0030	-0.0002	0.0009
S.E	(0.0029)	(0.0028)	(0.0023)	(0.0015)	(0.0016)	(0.0026)	(0.0011)	(0.0010)	(0.0009)	(0.0010)	(0.0007)	(0.0007)
9	-0.0033	-0.0047	-0.0005	-0.0022	-0.0025	0.0009	0.0002	0.0000	-0.0005	-0.0033	0.0000	0.0004
S.E	(0.0030)	(0.0030)	(0.0023)	(0.0016)	(0.0017)	(0.0028)	(0.0011)	(0.0010)	(0.0008)	(0.0012)	(0.0007)	(0.0008)
10	-0.0034	-0.0049	-0.0005	-0.0024	-0.0025	0.0012	0.0000	-0.0001	-0.0005	-0.0035	-0.0001	0.0001
S.E	(0.0031)	(0.0031)	(0.0023)	(0.0016)	(0.0018)	(0.0030)	(0.0011)	(0.0008)	(0.0007)	(0.0015)	(0.0007)	(0.0009)
11	-0.0032	-0.0048	-0.0002	-0.0024	-0.0022	0.0019	0.0001	0.0002	-0.0001	-0.0036	0.0000	0.0001
S.E	(0.0032)	(0.0032)	(0.0023)	(0.0016)	(0.0018)	(0.0031)	(0.0010)	(0.0008)	(0.0007)	(0.0017)	(0.0007)	(0.0010)
12	-0.0032	-0.0048	-0.0002	-0.0024	-0.0022	0.0026	0.0001	0.0002	0.0001	-0.0033	0.0002	0.0003
S.E	(0.0034)	(0.0033)	(0.0023)	(0.0016)	(0.0019)	(0.0033)	(0.0009)	(0.0007)	(0.0007)	(0.0019)	(0.0007)	(0.0010)
13	-0.0034	-0.0050	-0.0002	-0.0027	-0.0024	0.0032	-0.0001	-0.0001	0.0001	-0.0030	0.0005	0.0005
S.E	(0.0035)	(0.0034)	(0.0023)	(0.0016)	(0.0019)	(0.0034)	(0.0009)	(0.0007)	(0.0006)	(0.0021)	(0.0006)	(0.0011)
14	-0.0032	-0.0049	-0.0001	-0.0025	-0.0024	0.0038	0.0000	-0.0001	0.0003	-0.0027	0.0007	0.0007
S.E	(0.0036)	(0.0035)	(0.0023)	(0.0016)	(0.0019)	(0.0036)	(0.0009)	(0.0007)	(0.0006)	(0.0023)	(0.0006)	(0.0011)
15	-0.0032	-0.0049	-0.0002	-0.0025	-0.0026	0.0043	-0.0002	-0.0002	0.0003	-0.0027	0.0007	0.0009
S.E	(0.0036)	(0.0035)	(0.0022)	(0.0016)	(0.0019)	(0.0037)	(0.0008)	(0.0007)	(0.0006)	(0.0026)	(0.0006)	(0.0010)
16	-0.0030	-0.0049	-0.0004	-0.0025	-0.0028	0.0045	-0.0002	-0.0003	0.0002	-0.0027	0.0004	0.0012
S.E	(0.0037)	(0.0035)	(0.0021)	(0.0016)	(0.0020)	(0.0038)	(0.0008)	(0.0007)	(0.0006)	(0.0029)	(0.0006)	(0.0010)

Table 6 Standard errors of impulse responses on Figure 7.

log8091	log8096	log8206	log8706	SQ8091	SQ8096	SQ8206	SQ9706	HP8091	HP8096	HP9206	HP9706	BK8091	BK8096	BK9206
1	0.0026	0.0025	-0.0005	0.0031	0.0020	0.0019	-0.0009	0.0032	0.0020	0.0010	-0.0005	0.0036	0.0001	0.0002	-0.0002
S.E.	-0.0010	-0.0008	-0.0012	-0.0012	-0.0008	-0.0007	-0.0012	-0.0012	-0.0008	-0.0007	-0.0011	-0.0011	-0.0001	-0.0001	-0.0001
2	0.0017	0.0030	0.0015	0.0028	0.0017	0.0020	0.0010	0.0031	0.0020	0.0009	0.0018	0.0015	0.0005	0.0007	-0.0006
S.E.	-0.0015	-0.0012	-0.0017	-0.0020	-0.0011	-0.0010	-0.0018	-0.0020	-0.0011	-0.0009	-0.0015	-0.0019	-0.0002	-0.0003	-0.0003
3	0.0024	0.0041	0.0014	0.0009	0.0024	0.0026	0.0010	0.0014	0.0024	0.0015	0.0018	0.0006	0.0010	0.0011	-0.0011
S.E.	-0.0016	-0.0014	-0.0019	-0.0018	-0.0012	-0.0011	-0.0019	-0.0017	-0.0012	-0.0009	-0.0015	-0.0017	-0.0004	-0.0004	-0.0005
4	0.0020	0.0054	-0.0008	-0.0004	0.0021	0.0037	-0.0012	0.0003	0.0016	0.0017	0.0001	-0.0013	0.0015	0.0012	-0.0013
S.E.	-0.0018	-0.0016	-0.0020	-0.0017	-0.0012	-0.0011	-0.0020	-0.0018	-0.0012	-0.0009	-0.0014	-0.0017	-0.0007	-0.0006	-0.0006
5	0.0002	0.0050	-0.0008	0.0011	0.0019	0.0031	-0.0010	0.0019	0.0013	0.0011	0.0006	0.0007	0.0017	0.0011	-0.0010
S.E.	-0.0024	-0.0019	-0.0021	-0.0018	-0.0015	-0.0013	-0.0021	-0.0020	-0.0013	-0.0009	-0.0012	-0.0016	-0.0010	-0.0007	-0.0006
6	-0.0013	0.0056	-0.0018	-0.0002	0.0021	0.0033	-0.0021	0.0007	0.0015	0.0015	0.0000	-0.0012	0.0018	0.0008	-0.0006
S.E.	-0.0031	-0.0021	-0.0021	-0.0017	-0.0019	-0.0014	-0.0022	-0.0019	-0.0013	-0.0009	-0.0012	-0.0014	-0.0013	-0.0008	-0.0005
7	-0.0028	0.0065	-0.0015	0.0017	0.0025	0.0037	-0.0016	0.0029	0.0014	0.0018	0.0006	0.0012	0.0021	0.0006	-0.0003
S.E.	-0.0039	-0.0023	-0.0022	-0.0017	-0.0023	-0.0015	-0.0023	-0.0020	-0.0014	-0.0009	-0.0011	-0.0014	-0.0016	-0.0008	-0.0005
8	-0.0038	0.0066	-0.0009	0.0015	0.0036	0.0035	-0.0012	0.0026	0.0013	0.0015	0.0016	0.0005	0.0027	0.0006	-0.0002
S.E.	-0.0045	-0.0026	-0.0025	-0.0015	-0.0026	-0.0017	-0.0024	-0.0020	-0.0013	-0.0009	-0.0010	-0.0011	-0.0020	-0.0009	-0.0005
9	-0.0039	0.0075	-0.0009	0.0016	0.0048	0.0041	-0.0013	0.0029	0.0013	0.0016	0.0019	0.0008	0.0036	0.0007	0.0000
S.E.	-0.0048	-0.0028	-0.0026	-0.0015	-0.0029	-0.0017	-0.0025	-0.0021	-0.0013	-0.0009	-0.0010	-0.0010	-0.0023	-0.0009	-0.0005
10	-0.0038	0.0078	-0.0013	0.0014	0.0057	0.0044	-0.0019	0.0028	0.0006	0.0010	0.0016	0.0006	0.0045	0.0008	0.0005
S.E.	-0.0051	-0.0031	-0.0027	-0.0016	-0.0033	-0.0018	-0.0025	-0.0024	-0.0014	-0.0009	-0.0010	-0.0010	-0.0027	-0.0009	-0.0005
11	-0.0035	0.0078	-0.0015	0.0016	0.0064	0.0043	-0.0024	0.0031	-0.0001	0.0004	0.0013	0.0002	0.0048	0.0007	0.0008
S.E.	-0.0053	-0.0033	-0.0028	-0.0016	-0.0037	-0.0019	-0.0026	-0.0025	-0.0014	-0.0009	-0.0009	-0.0009	-0.0032	-0.0009	-0.0005
12	-0.0031	0.0080	-0.0017	0.0010	0.0063	0.0046	-0.0030	0.0025	-0.0008	0.0002	0.0009	0.0000	0.0040	0.0004	0.0007
S.E.	-0.0056	-0.0035	-0.0028	-0.0016	-0.0041	-0.0020	-0.0026	-0.0026	-0.0013	-0.0009	-0.0009	-0.0008	-0.0037	-0.0009	-0.0005
13	-0.0030	0.0079	-0.0016	0.0015	0.0057	0.0045	-0.0029	0.0030	-0.0015	-0.0003	0.0007	0.0003	0.0022	0.0000	0.0003
S.E.	-0.0057	-0.0038	-0.0028	-0.0016	-0.0044	-0.0022	-0.0025	-0.0028	-0.0012	-0.0009	-0.0009	-0.0007	-0.0041	-0.0010	-0.0005
14	-0.0028	0.0078	-0.0014	0.0014	0.0050	0.0045	-0.0029	0.0029	-0.0016	-0.0005	0.0007	-0.0002	-0.0001	-0.0002	-0.0001
S.E.	-0.0057	-0.0040	-0.0028	-0.0016	-0.0046	-0.0023	-0.0025	-0.0030	-0.0012	-0.0009	-0.0009	-0.0007	-0.0044	-0.0010	-0.0005
15	-0.0027	0.0078	-0.0015	0.0012	0.0041	0.0046	-0.0029	0.0028	-0.0015	-0.0006	0.0006	-0.0003	-0.0023	-0.0003	-0.0002
S.E.	-0.0054	-0.0042	-0.0027	-0.0016	-0.0049	-0.0024	-0.0025	-0.0031	-0.0012	-0.0009	-0.0008	-0.0006	-0.0050	-0.0011	-0.0005
16	-0.0026	0.0077	-0.0017	0.0014	0.0036	0.0045	-0.0031	0.0031	-0.0010	-0.0009	0.0003	0.0000	-0.0041	-0.0004	0.0001
S.E.	-0.0050	-0.0044	-0.0027	-0.0016	-0.0061	-0.0025	-0.0025	-0.0033	-0.0013	-0.0009	-0.0008	-0.0006	-0.0061	-0.0012	-0.0005