### Table 2: Summary Statistics, Macro Fundamentals Year Relative to Deficit Minimum

"... In PAGE 9: ... The typical CA-GDP pattern shows a current account that continued to worsen for 4 to 5 years before it hit its minimum and then began adjusting, taking another 3 to 4 years to return to near zero. The exchange rate Figure 2 shows the median and average annual percentage change in the real effective exchange rate index, and Table2 reports summary statistics on exchange rate depreciation. Both the figure and the summary statistics suggest that the average real depreciation associated with current account adjustment might be small, of about 1 or 2 percent annually.... In PAGE 11: ... Strong income growth leads to a declining current account, and as demand slows the current improves. In the typical case, annual real income growth was over 3 percent in the years before the current account hit its trough, and then slowed to about 1 percent in the first year that the current account improved ( Table2 and Figure 3). In most countries, income growth was slower in the year after the deficit bottomed out than it had been four years earlier.... In PAGE 11: ... In Section 4, we examine whether income growth and exchange rate depreciation are significantly different from their long-run averages during adjustment. Interest Rates Figure 4 shows median and average short-term interest rates, defined as the overnight interbank rate, over the reversal period, and Table2 reports summary statistics. In most of the... In PAGE 12: ... Recall, that in most episodes the exchange rate depreciation began before the current account bottomed out. Table2 also shows the summary statistics for real interest rates (the deposit rate less the rate of inflation). Real interest rates lagged short rates and in the typical case did not come down until the third year into recovery.... In PAGE 13: ...The bottom of Table2 provides summary statistics on the budget deficit. In the typical case, there was little change in the budget deficit in the three years leading up to the recovery.... ..."

### Table 2.1: Unknown dependent variables and their fundamental units in the Bio lm Growth Model

### Table 2.3: Unknown dependent variables and their fundamental units in the zero-dimensional Bio lm Growth Model

### Table 2. Predicting future real GDP growth using the yield spread and lagged real GDP growth

2002

"... In PAGE 8: ...2). Table2 shows the estimation results for equation (2.2).... ..."

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### Table 6 Relative RMSE: 1969-1998|Real Time Method AR Real Growth Nominal Growth

"... In PAGE 15: ...Table6 . The rst column is replicated from the rst column of table 5, using the AR forecast as a benchmark.... ..."

### Table 4: The Size and Variability of the Apparent Deviation From Fundamental Price in the Model of Switching Fundamentals

1994

"... In PAGE 19: ...436 Notes: The entries in columns two, three, and four represent the probability distribution of the coefficient estimates and likelihood ratio statistics of the model of equations (19) - (21) under the null hypothesis of switching fundamentals, based on a Monte Carlo simulation with 1000 replications. One interesting feature of the simulations is the size of the apparent deviation from fundamentals, which is presented in Table4 22. As in Section 3, this is constructed as the difference between the observed stock price and the fundamental price calculated under the (erroneous) assumption that there is no regime-switching in dividend growth.... In PAGE 20: ...elow 0.033 for the simulations. Since is defined as the actual price (P) minus the bt fundamental price (where the fundamental price is as defined in Section 2.1) PG0B, divided by the actual price, Table4 tells us that the stimulated prices stay much closer to the fundamental price than actual prices do. This implies that failing to account for regime switching in dividend growth can explain relatively little of the volatility of bA t .... ..."

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### Table 3: Comparing measured and real fundamental frequencies for a String on an Elastic Foundation

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### Table III Real Stock Returns and Fundamental News 1970:3 - 2005:1

2005

### Table 3 - Real GDP Growth and Stabilization Policy, 1960-981

"... In PAGE 23: ... A simple correlation across EU countries between the average growth rate of real GDP and its standard deviation is significantly positive, and equal to about 0.5, not negative as the above argument would suggest, but positive shocks to GDP could be expected to increase both, so no causality is implied ( Table3 ). A more interesting exercise is to relate the strength of stabilization policy to the growth rate of output.... ..."