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| Variables | Eq [5] | Eq [7] |
|---|---|---|
| GB2Y | 1 | --- |
| GB10Y | --- | 1 |
| SELIC | -0.893*** (0.119) | -0.705*** (0.185) |
| CPI | 0.748*** (0.207) | 1.237*** (0.322) |
| IP | 0.183*** (0.045) | 0.299*** (0.070) |
| Trend | 0.011** (0.005) | 0.012 (0.008) |
Notes: Standard errors in parentheses.
*** p<0.01
** p<0.05
* p<0.1.
