| ρ | Interest rate | Exchange rate | rating | bond | gold | R2/LIK |
W1 | 0.9881*** (0) | 0.4081*** (0) | −0.1054*** (0.0002) | −0.00034 (0.5446) | −0.3179*** (0.00003) | 0.0107 (0.4669) | 0.5613 (637.5) |
W2 | 0.9895*** (0) | 0.4094*** (0) | −0.1050*** (0.0002) | −0.00035 (0.5309) | −0.3195*** (0.00003) | 0.0117 (0.4227) | 0.5610 (636.71) |
W3 | 1.0050*** (0) | 0.4104*** (0) | −0.1040*** (0.0003) | −0.00035 (0.5242) | −0.3217*** (0.00002) | 0.0124 (0.3952) | 0.5639 (644.0) |