----------------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_Purchase-only_Appendix.v5.txt
  log type:  text
 opened on:   8 May 2011, 18:40:28

. pvar dlemp dlsales dlperm dlhpi lfor if state ~= 52 , lag(12) irf(24) gmm monte list_imp "decomp 2
> 4"

Current memory allocation

                    current                                 memory usage
    settable          value     description                 (1M = 1024k)
    --------------------------------------------------------------------
    set maxvar         5000     max. variables allowed           1.947M
    set memory         1000M    max. data space              1,000.000M
    set matsize         800     max. RHS vars in models          4.950M
                                                            -----------
                                                             1,006.897M
(121 observations deleted)

Variable names in order: dlemp dlsales dlperm dlhpi lfor
GMM started : 18:40:28  
accumulating matrices equation 1,2,3,4,5,calculating b2sls
calculating big ZuuZ matrix
finished accumulating ZuuZ
_______ Results of the Estimation by system GMM_________
number of observations used : 5185
------------------------------------------------------------------------------
EQ1: dep.var     : h_dlemp

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp   .46182821   .04268274   10.820023
  L.h_dlsales   .00275073   .00078104   3.5218833
   L.h_dlperm   .00298008   .00052611   5.6644227
    L.h_dlhpi   .00814011   .00527968   1.5417815
     L.h_lfor  -.00019305   .00048313  -.39958324
   L2.h_dlemp   .21492684   .02890937   7.4345058
 L2.h_dlsales   .00299182   .00086711   3.4503503
  L2.h_dlperm   .00169205   .00067438   2.5090424
   L2.h_dlhpi   .01319722   .00560704   2.3536889
    L2.h_lfor   .00102631   .00055486   1.8496585
   L3.h_dlemp   .08301647   .02725817   3.0455628
 L3.h_dlsales   .00121683   .00085084   1.4301566
  L3.h_dlperm   .00145831   .00054833   2.6595534
   L3.h_dlhpi   .00716484   .00501381   1.4290222
    L3.h_lfor   .00065093   .00053691   1.2123608
   L4.h_dlemp   -.1296262   .02385991  -5.4328029
 L4.h_dlsales    .0016804   .00082798   2.0295087
  L4.h_dlperm   .00124609   .00054403   2.2904562
   L4.h_dlhpi   .00306432   .00544529   .56274769
    L4.h_lfor  -.00142013    .0005536   -2.565247
   L5.h_dlemp   .07571851   .02493322   3.0368529
 L5.h_dlsales   .00288049   .00081178   3.5483438
  L5.h_dlperm   .00242916    .0006904   3.5184821
   L5.h_dlhpi  -.00712899   .00576919  -1.2357003
    L5.h_lfor  -.00034426   .00055281   -.6227547
   L6.h_dlemp   .05526588   .01860603   2.9703211
 L6.h_dlsales   .00343515   .00077374    4.439693
  L6.h_dlperm   .00168462   .00063399   2.6571738
   L6.h_dlhpi  -.00145595   .00481661  -.30227797
    L6.h_lfor  -.00045702    .0005608  -.81493916
   L7.h_dlemp   .02054347   .01874215   1.0961105
 L7.h_dlsales   .00369154   .00076417   4.8307886
  L7.h_dlperm  -.00071302   .00060469  -1.1791488
   L7.h_dlhpi  -.00339409   .00513579   -.6608714
    L7.h_lfor   .00019728   .00055086   .35812727
   L8.h_dlemp  -.10997953   .02001799  -5.4940335
 L8.h_dlsales   .00281912   .00079438   3.5488528
  L8.h_dlperm  -.00069223   .00056995  -1.2145449
   L8.h_dlhpi   .00345406    .0040028   .86290972
    L8.h_lfor   .00043652   .00059067   .73902682
   L9.h_dlemp   .05914422   .02417316   2.4466894
 L9.h_dlsales   .00068736   .00079037   .86967413
  L9.h_dlperm   .00090866   .00063485   1.4313126
   L9.h_dlhpi   .00274213   .00397333   .69013391
    L9.h_lfor   .00019044   .00064649   .29458264
  L10.h_dlemp   .04860274   .02032005   2.3918612
L10.h_dlsales  -.00066124   .00074821  -.88375123
 L10.h_dlperm   .00045124   .00057831   .78026995
  L10.h_dlhpi  -.00106003   .00306485  -.34586768
   L10.h_lfor    .0005246   .00064935    .8078761
  L11.h_dlemp  -.00154126    .0172967  -.08910713
L11.h_dlsales   .00011848   .00071504   .16570232
 L11.h_dlperm    .0003587   .00062251   .57621545
  L11.h_dlhpi   .00064844   .00314227   .20635941
   L11.h_lfor   .00041385   .00066591   .62147577
  L12.h_dlemp  -.00725519   .01947753  -.37249021
L12.h_dlsales  -.00074734   .00070169  -1.0650546
 L12.h_dlperm   -.0006361   .00054271  -1.1720747
  L12.h_dlhpi   .00003833    .0023501   .01631179
   L12.h_lfor  -.00074318    .0004928  -1.5080641
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ2: dep.var     : h_dlsales

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp   .12370107   .41123203   .30080602
  L.h_dlsales  -.25022302   .02785161  -8.9841492
   L.h_dlperm   .07814037   .01387449   5.6319471
    L.h_dlhpi   .56676368   .11796955   4.8043219
     L.h_lfor   .01101786    .0112403   .98021027
   L2.h_dlemp  -.66554404   .42705263  -1.5584591
 L2.h_dlsales   -.0849341   .02334714  -3.6378803
  L2.h_dlperm   .05237373   .01245484   4.2050918
   L2.h_dlhpi   .08645155   .12082849   .71548977
    L2.h_lfor   .02369723   .01362678   1.7390193
   L3.h_dlemp  -1.6644454   .44416904  -3.7473242
 L3.h_dlsales  -.07912248   .02257166  -3.5053903
  L3.h_dlperm   .02596785   .01166598   2.2259477
   L3.h_dlhpi  -.00773641    .1228981  -.06294978
    L3.h_lfor  -.02143767   .01419074  -1.5106808
   L4.h_dlemp  -.46325734   .41859486  -1.1066962
 L4.h_dlsales   .03361834   .02257444   1.4892215
  L4.h_dlperm  -.01656981   .01534527  -1.0797991
   L4.h_dlhpi  -.09740786   .11343839  -.85868508
    L4.h_lfor  -.00331087   .01460336  -.22671998
   L5.h_dlemp   .83504837   .41919576   1.9920248
 L5.h_dlsales   .00489537   .02186683   .22387201
  L5.h_dlperm   .01207578   .01389804   .86888334
   L5.h_dlhpi  -.08546342    .1169882  -.73053024
    L5.h_lfor   .01569548   .01445721   1.0856507
   L6.h_dlemp  -.24679746   .38962456  -.63342376
 L6.h_dlsales   .08441126   .02134935   3.9538089
  L6.h_dlperm   .02075374   .01271767   1.6318824
   L6.h_dlhpi   .20458112   .11159747   1.8332057
    L6.h_lfor   .00020838    .0149087   .01397674
   L7.h_dlemp   .54787356   .37145685   1.4749319
 L7.h_dlsales   .01058089    .0223645   .47311078
  L7.h_dlperm  -.00364459   .01326831  -.27468377
   L7.h_dlhpi   .15581367   .11011672   1.4149865
    L7.h_lfor  -.00066937   .01475747  -.04535838
   L8.h_dlemp  -.00358392   .40401478  -.00887077
 L8.h_dlsales   -.0297044   .02323308  -1.2785394
  L8.h_dlperm   .00970989    .0133084    .7296063
   L8.h_dlhpi  -.18226313   .09991958  -1.8240983
    L8.h_lfor   .01907605   .01654043   1.1532982
   L9.h_dlemp    .1720053   .37943128     .453324
 L9.h_dlsales  -.01839608   .01909539  -.96337825
  L9.h_dlperm   .04257917   .01249157   3.4086335
   L9.h_dlhpi   .05389547   .06926614   .77809254
    L9.h_lfor   .00105082   .01385452   .07584651
  L10.h_dlemp  -.65321649   .37388828    -1.74709
L10.h_dlsales   .04855301   .01781817   2.7249149
 L10.h_dlperm   .01384805   .01173818   1.1797445
  L10.h_dlhpi  -.01336266   .07345432  -.18191799
   L10.h_lfor   .00439373   .01394746   .31502005
  L11.h_dlemp   .76142475   .35250431   2.1600438
L11.h_dlsales   .01553407   .01773019   .87613699
 L11.h_dlperm   .02612928   .01150649   2.2708302
  L11.h_dlhpi  -.01107612   .06486187  -.17076475
   L11.h_lfor  -.01320914   .01273642  -1.0371151
  L12.h_dlemp  -.02498206   .33436454  -.07471503
L12.h_dlsales   -.0080393   .01709246   -.4703415
 L12.h_dlperm   .01010861   .01225843   .82462541
  L12.h_dlhpi  -.04295247   .06357349  -.67563502
   L12.h_lfor  -.02515917   .01003833  -2.5063103
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ3: dep.var     : h_dlperm

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp    .9268891   .62180011   1.4906544
  L.h_dlsales   .18520325   .03323518   5.5725062
   L.h_dlperm  -.35623612   .04799622  -7.4221698
    L.h_dlhpi   1.6825604   .21729691     7.74314
     L.h_lfor  -.00766379   .01548162  -.49502549
   L2.h_dlemp    .4237416   .69816427   .60693681
 L2.h_dlsales   .13811188   .03268579   4.2254415
  L2.h_dlperm  -.17371808   .04655251  -3.7316586
   L2.h_dlhpi   .18728812   .31410126    .5962667
    L2.h_lfor  -.00372876   .01441121  -.25873997
   L3.h_dlemp  -2.0085803   .86978662  -2.3092794
 L3.h_dlsales   .11470639   .03752599   3.0567188
  L3.h_dlperm   .00704787    .0733952   .09602624
   L3.h_dlhpi   .22900467   .21353812   1.0724299
    L3.h_lfor  -.03552962   .01466571  -2.4226327
   L4.h_dlemp  -2.8518633    .8739511   -3.263184
 L4.h_dlsales   .05661197   .03229213   1.7531195
  L4.h_dlperm  -.04287856   .06283682  -.68237957
   L4.h_dlhpi  -.04246777   .23115754  -.18371789
    L4.h_lfor   .00154384   .01581657   .09760877
   L5.h_dlemp    .5096575    .6702616   .76038594
 L5.h_dlsales   .03091127   .03108481   .99441702
  L5.h_dlperm   .13223051   .04464179   2.9620343
   L5.h_dlhpi  -.68456477   .29562867  -2.3156238
    L5.h_lfor   .01935403   .01586908   1.2196059
   L6.h_dlemp   .57145297   .69920627   .81728811
 L6.h_dlsales   .04069747   .03219574   1.2640638
  L6.h_dlperm   .14820511   .05856137   2.5307659
   L6.h_dlhpi   -.0397931   .21603309  -.18419908
    L6.h_lfor  -.01344444    .0157159  -.85546763
   L7.h_dlemp   .88815847   .68543398   1.2957608
 L7.h_dlsales   .05545619    .0358308   1.5477238
  L7.h_dlperm   .00623231   .04763163   .13084401
   L7.h_dlhpi  -.48826719   .22481035   -2.171907
    L7.h_lfor   .01704781   .01509049   1.1297056
   L8.h_dlemp  -.37324071    .5340737  -.69885618
 L8.h_dlsales   .00814425    .0326035   .24979693
  L8.h_dlperm  -.00169125   .05156637  -.03279763
   L8.h_dlhpi  -.47053118    .1583806   -2.970889
    L8.h_lfor   .05071368   .01598032    3.173508
   L9.h_dlemp   .40984905     .581192   .70518701
 L9.h_dlsales  -.05812083   .03459944    -1.67982
  L9.h_dlperm   .04836588   .05562516   .86949637
   L9.h_dlhpi  -.09135917   .13077361  -.69860558
    L9.h_lfor  -.00109671   .01628878  -.06732901
  L10.h_dlemp     .425552   .57643664   .73824593
L10.h_dlsales  -.07317558   .03323587  -2.2017052
 L10.h_dlperm   .14638127   .04779827   3.0624803
  L10.h_dlhpi  -.30723638   .11839152  -2.5950877
   L10.h_lfor  -.01259016   .01589673  -.79199684
  L11.h_dlemp   .26113882   .50508407    .5170205
L11.h_dlsales  -.08965925   .03255949  -2.7537054
 L11.h_dlperm   .18580532   .03953762   4.6994568
  L11.h_dlhpi  -.10757478   .09928913  -1.0834498
   L11.h_lfor  -.00721278   .01461771  -.49342785
  L12.h_dlemp   .09816365   .45209106   .21713248
L12.h_dlsales  -.07711465   .02671483  -2.8865862
 L12.h_dlperm   .12260195   .04921925   2.4909347
  L12.h_dlhpi   .00349157    .0962585   .03627285
   L12.h_lfor  -.00207885   .01153538   -.1802148
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ4: dep.var     : h_dlhpi

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp   .10011507   .08074577   1.2398802
  L.h_dlsales   .01315499   .00292151   4.5028094
   L.h_dlperm    .0050795   .00272508   1.8639841
    L.h_dlhpi   .02872064   .02736139   1.0496778
     L.h_lfor   -.0064023   .00186104  -3.4401704
   L2.h_dlemp  -.13412639   .08263778  -1.6230638
 L2.h_dlsales   .01295547   .00356171   3.6374249
  L2.h_dlperm   .00424109   .00258318   1.6418091
   L2.h_dlhpi   .12083234   .03149737   3.8362678
    L2.h_lfor   .00078191    .0022146   .35306975
   L3.h_dlemp  -.13052692   .07224012  -1.8068482
 L3.h_dlsales   .01760569   .00385978    4.561314
  L3.h_dlperm   .00019436   .00226835   .08568468
   L3.h_dlhpi   .24895467   .03477357   7.1593068
    L3.h_lfor   .00331534   .00220051   1.5066193
   L4.h_dlemp   .19183083   .07901902   2.4276537
 L4.h_dlsales   .00865501   .00334412   2.5881306
  L4.h_dlperm  -.00253762   .00361041  -.70286201
   L4.h_dlhpi     .229373   .03869066   5.9283824
    L4.h_lfor   .00063564   .00201367   .31566297
   L5.h_dlemp   .05089264   .07247546   .70220517
 L5.h_dlsales   .01473663   .00376189   3.9173511
  L5.h_dlperm   .00191224   .00307879   .62110074
   L5.h_dlhpi   .05721167   .04424081   1.2931877
    L5.h_lfor   .00347575   .00199286   1.7441038
   L6.h_dlemp   .13531486   .07096556   1.9067682
 L6.h_dlsales   .00700951   .00323164   2.1690264
  L6.h_dlperm   .00241902   .00293142   .82520332
   L6.h_dlhpi  -.03385352   .03032625  -1.1163107
    L6.h_lfor   .00261592   .00190547   1.3728469
   L7.h_dlemp  -.09884457   .07120533  -1.3881624
 L7.h_dlsales   .00147996   .00331029   .44707866
  L7.h_dlperm   .00038018   .00310366   .12249511
   L7.h_dlhpi   .02297501   .03174982   .72362643
    L7.h_lfor  -.00117477   .00189185  -.62096705
   L8.h_dlemp   .11169106   .06584516   1.6962685
 L8.h_dlsales  -.00198126   .00337288   -.5874076
  L8.h_dlperm  -.00241542   .00394779  -.61184136
   L8.h_dlhpi   .08386005   .02702939   3.1025504
    L8.h_lfor  -.00092294   .00191893    -.480965
   L9.h_dlemp  -.02581622   .07087308  -.36425988
 L9.h_dlsales   .00218558   .00396281   .55152198
  L9.h_dlperm   .00248023   .00385022   .64417887
   L9.h_dlhpi   .06164321   .02367612    2.603603
    L9.h_lfor   .00577506   .00206519   2.7963739
  L10.h_dlemp   .03759434   .06794799   .55328107
L10.h_dlsales   .00323935   .00330964   .97876082
 L10.h_dlperm   .00116607   .00327501   .35605009
  L10.h_dlhpi  -.03054437   .02211161  -1.3813727
   L10.h_lfor   .00022997   .00185024   .12429057
  L11.h_dlemp  -.10911981   .06384643  -1.7090982
L11.h_dlsales   .00989912   .00349206   2.8347478
 L11.h_dlperm   .00096359   .00312533   .30831628
  L11.h_dlhpi  -.00374632   .01737293  -.21564135
   L11.h_lfor   -.0013653   .00192698  -.70852174
  L12.h_dlemp   .10908947   .06696689    1.629006
L12.h_dlsales   .00850784   .00356312   2.3877518
 L12.h_dlperm  -.00171003   .00301806  -.56659965
  L12.h_dlhpi   .02964791   .01497892   1.9793096
   L12.h_lfor  -.00347672   .00152366  -2.2818162
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ5: dep.var     : h_lfor

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp  -1.3988625   .56151004  -2.4912512
  L.h_dlsales   -.0931471   .02849962  -3.2683624
   L.h_dlperm  -.03213342    .0126607  -2.5380434
    L.h_dlhpi  -1.0790245   .17234618  -6.2607969
     L.h_lfor   .70097468   .03678745   19.054725
   L2.h_dlemp   .22853148    .6550988   .34885041
 L2.h_dlsales  -.01037019   .02931222  -.35378404
  L2.h_dlperm  -.04371769   .01371312    -3.18802
   L2.h_dlhpi  -.39588011   .18112321  -2.1856951
    L2.h_lfor   .21756097   .04889101   4.4499176
   L3.h_dlemp  -1.1393294   .57741432  -1.9731575
 L3.h_dlsales  -.00531266   .02802362  -.18957789
  L3.h_dlperm  -.03774093   .01472526  -2.5630062
   L3.h_dlhpi  -.87267826   .18018836  -4.8431446
    L3.h_lfor   .05607339   .04764443   1.1769139
   L4.h_dlemp   .19088513   .55850912   .34177621
 L4.h_dlsales  -.00730348    .0280305  -.26055476
  L4.h_dlperm   -.0252877    .0173485  -1.4576304
   L4.h_dlhpi  -.33505906    .1841906  -1.8190888
    L4.h_lfor   .06538748   .04106806   1.5921736
   L5.h_dlemp  -.43557488   .55176573  -.78941995
 L5.h_dlsales   -.0086794   .02778523  -.31237457
  L5.h_dlperm    -.050281    .0170022  -2.9573229
   L5.h_dlhpi  -.43106982   .20706941  -2.0817649
    L5.h_lfor   -.0273892   .03335463   -.8211515
   L6.h_dlemp    1.691365   .62436226   2.7089482
 L6.h_dlsales   .01953459   .02855928   .68400166
  L6.h_dlperm  -.07637319    .0159031  -4.8024079
   L6.h_dlhpi   .11941045   .17945517   .66540545
    L6.h_lfor  -.04471158   .03266161  -1.3689336
   L7.h_dlemp   .77726735    .5958725   1.3044189
 L7.h_dlsales   .03716586   .02778896   1.3374325
  L7.h_dlperm  -.04201954   .01773534  -2.3692539
   L7.h_dlhpi   .30205145   .16830457   1.7946717
    L7.h_lfor   .03841173   .03338556   1.1505493
   L8.h_dlemp   .34387382   .61838444    .5560842
 L8.h_dlsales   .04341256   .02766939   1.5689743
  L8.h_dlperm   -.0263958   .01958628  -1.3476678
   L8.h_dlhpi   -.0079557    .1439158  -.05528023
    L8.h_lfor  -.03618624   .04409094  -.82071834
   L9.h_dlemp  -1.0692871   .60327333  -1.7724753
 L9.h_dlsales   .03251401   .02805405   1.1589773
  L9.h_dlperm  -.01177698   .01843914  -.63869438
   L9.h_dlhpi   .51345241    .1483735   3.4605398
    L9.h_lfor  -.04253075   .03314332  -1.2832376
  L10.h_dlemp   .72078043   .60204898   1.1972123
L10.h_dlsales   .02524195    .0285013     .885642
 L10.h_dlperm  -.01845248   .01729368  -1.0670071
  L10.h_dlhpi   .18106281   .12762305   1.4187313
   L10.h_lfor   .01555793   .03095092    .5026644
  L11.h_dlemp  -.37057237    .6070793   -.6104184
L11.h_dlsales   .03876139   .02628192    1.474831
 L11.h_dlperm  -.00479182   .01681328  -.28500181
  L11.h_dlhpi  -.02161873   .11327631  -.19084948
   L11.h_lfor  -.02241004   .03098446  -.72326717
  L12.h_dlemp  -.29886341   .57471379  -.52002129
L12.h_dlsales   -.0261521   .02701029  -.96822735
 L12.h_dlperm  -.00084634   .01670607  -.05066093
  L12.h_dlhpi   .17994373   .12737132   1.4127492
   L12.h_lfor   .00833247    .0203526   .40940559
------------------------------------------------------------------------------
just identified - Hansen statistic is not calculated 
these are summary  of residuals:

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
    __00009I |      5237     .000201    .0041727  -.0641774   .0470514
    __00009L |      5237    .0069327    .0987488  -.9541802   .7060146
    __00009O |      5236    .0036077    .1580039  -2.938237   2.473454
    __00009R |      5237    .0005285    .0151979  -.2250986   .1526776
    __00009U |      5186   -.0002135    .1428427  -1.590559   2.290974
-------------+--------------------------------------------------------
       dlemp |      6120     .003195    .0074502  -.0723462   .0675726
     dlsales |      5916    .0053343    .1111583  -.9608572   .8230836
      dlperm |      6116   -.0023875    .1828618  -3.146739   2.144224
       dlhpi |      6120    .0096361    .0320419  -.5440834   .8052704
        lfor |      6120   -.1832155    .7563009  -3.912023   2.598235

symmetric uu[5,5]
              dlemp     dlsales      dlperm       dlhpi        lfor
  dlemp   .00001747
dlsales   .00003247   .00945067
 dlperm   .00010107   .00306936   .02475506
  dlhpi   7.831e-07   .00022096   .00044104   .00022974
   lfor   -.0000313  -.00093498  -.00099192  -.00021554   .02039632
 
Residuals correlation matrix 

             |       u1       u2       u3       u4       u5
-------------+---------------------------------------------
          u1 |   1.0000 
             |
             |
          u2 |   0.0829   1.0000 
             |   0.0000
             |
          u3 |   0.1468   0.1905   1.0000 
             |   0.0000   0.0000
             |
          u4 |   0.0127   0.1473   0.1812   1.0000 
             |   0.3565   0.0000   0.0000
             |
          u5 |  -0.0527  -0.0671  -0.0441  -0.1002   1.0000 
             |   0.0001   0.0000   0.0015   0.0000
             |
 
Variance-covariance matrix of residuals (u'u):

symmetric uu[5,5]
              dlemp     dlsales      dlperm       dlhpi        lfor
  dlemp   .00001747
dlsales   .00003247   .00945067
 dlperm   .00010107   .00306936   .02475506
  dlhpi   7.831e-07   .00022096   .00044104   .00022974
   lfor   -.0000313  -.00093498  -.00099192  -.00021554   .02039632
 
Mean squared errors of regression (sqrt of diagonal elements of u'u)

rmse[1,5]
        dlemp    dlsales     dlperm      dlhpi       lfor
r1  .00417979  .09721454  .15733742  .01515708   .1428157
 
GMM finished : 18:40:31
 

Current memory allocation

                    current                                 memory usage
    settable          value     description                 (1M = 1024k)
    --------------------------------------------------------------------
    set maxvar         5000     max. variables allowed           1.947M
    set memory         1000M    max. data space              1,000.000M
    set matsize        5000     max. RHS vars in models        191.154M
                                                            -----------
                                                             1,193.102M
Starting Monte-Carlo loop : 18:40:31 , total 200 repetitions requested
i=6, i=12, i=18, i=24, i=30, i=36, i=42, i=48, i=54, i=60, i=66, i=72, i=78, i=84, i=90, i=96, i=102
> , i=108, i=114, i=120, i=126, i=132, i=138, i=144, i=150, i=156, i=162, i=168, i=174, i=180, i=186
> , i=192, i=198, i=200, finished Monte-Carlo loop : 18:41:03 
Impulse-responses of variable in varname to the shock in column variable

  +------------------------------------------------------------------------+
  | varname    s   order     dlemp   dlsales    dlperm     dlhpi      lfor |
  |------------------------------------------------------------------------|
  |   dlemp    0       1    0.0042    0.0000    0.0000    0.0000    0.0000 |
  |   dlemp    1       1    0.0020    0.0004    0.0005    0.0001   -0.0000 |
  |   dlemp    2       1    0.0019    0.0005    0.0004    0.0003    0.0001 |
  |   dlemp    3       1    0.0017    0.0005    0.0005    0.0003    0.0002 |
  |   dlemp    4       1    0.0008    0.0006    0.0005    0.0004    0.0000 |
  |------------------------------------------------------------------------|
  |   dlemp    5       1    0.0009    0.0008    0.0006    0.0003    0.0000 |
  |   dlemp    6       1    0.0009    0.0010    0.0007    0.0004   -0.0001 |
  |   dlemp    7       1    0.0008    0.0011    0.0005    0.0004   -0.0001 |
  |   dlemp    8       1    0.0003    0.0011    0.0004    0.0004   -0.0000 |
  |   dlemp    9       1    0.0004    0.0009    0.0006    0.0005    0.0000 |
  |------------------------------------------------------------------------|
  |   dlemp   10       1    0.0004    0.0006    0.0005    0.0004    0.0002 |
  |   dlemp   11       1    0.0003    0.0007    0.0006    0.0004    0.0003 |
  |   dlemp   12       1    0.0004    0.0005    0.0005    0.0004    0.0003 |
  |   dlemp   13       1    0.0003    0.0006    0.0005    0.0003    0.0003 |
  |   dlemp   14       1    0.0002    0.0005    0.0005    0.0003    0.0004 |
  |------------------------------------------------------------------------|
  |   dlemp   15       1    0.0002    0.0004    0.0005    0.0003    0.0004 |
  |   dlemp   16       1    0.0002    0.0004    0.0005    0.0002    0.0004 |
  |   dlemp   17       1    0.0002    0.0004    0.0004    0.0002    0.0004 |
  |   dlemp   18       1    0.0002    0.0004    0.0003    0.0001    0.0004 |
  |   dlemp   19       1    0.0002    0.0003    0.0003    0.0001    0.0004 |
  |------------------------------------------------------------------------|
  |   dlemp   20       1    0.0001    0.0003    0.0003    0.0001    0.0004 |
  |   dlemp   21       1    0.0001    0.0002    0.0003    0.0000    0.0004 |
  |   dlemp   22       1    0.0001    0.0002    0.0002    0.0000    0.0004 |
  |   dlemp   23       1    0.0001    0.0002    0.0002   -0.0000    0.0004 |
  |   dlemp   24       1    0.0001    0.0002    0.0002   -0.0000    0.0004 |
  |------------------------------------------------------------------------|
  | dlsales    0       2    0.0078    0.0969    0.0000    0.0000    0.0000 |
  | dlsales    1       2    0.0005   -0.0207    0.0133    0.0082    0.0016 |
  | dlsales    2       2   -0.0022    0.0001    0.0013    0.0009    0.0035 |
  | dlsales    3       2   -0.0077   -0.0039   -0.0004    0.0006   -0.0011 |
  | dlsales    4       2   -0.0052    0.0067   -0.0049    0.0002    0.0001 |
  |------------------------------------------------------------------------|
  | dlsales    5       2   -0.0007   -0.0017    0.0030    0.0001    0.0022 |
  | dlsales    6       2   -0.0023    0.0096    0.0037    0.0028    0.0018 |
  | dlsales    7       2    0.0014   -0.0032   -0.0008    0.0019    0.0016 |
  | dlsales    8       2   -0.0010   -0.0031   -0.0002   -0.0041    0.0046 |
  | dlsales    9       2   -0.0010   -0.0014    0.0036    0.0016    0.0041 |
  |------------------------------------------------------------------------|
  | dlsales   10       2   -0.0035    0.0050   -0.0023   -0.0002    0.0050 |
  | dlsales   11       2    0.0036   -0.0021    0.0054   -0.0016    0.0023 |
  | dlsales   12       2   -0.0007   -0.0002    0.0007   -0.0013   -0.0000 |
  | dlsales   13       2   -0.0006   -0.0006   -0.0020   -0.0002    0.0010 |
  | dlsales   14       2   -0.0003   -0.0002   -0.0015   -0.0013    0.0011 |
  |------------------------------------------------------------------------|
  | dlsales   15       2   -0.0008   -0.0006   -0.0003   -0.0008    0.0011 |
  | dlsales   16       2   -0.0005    0.0007    0.0000   -0.0016    0.0008 |
  | dlsales   17       2    0.0007   -0.0008    0.0008   -0.0004    0.0002 |
  | dlsales   18       2    0.0005   -0.0002   -0.0009   -0.0005    0.0000 |
  | dlsales   19       2   -0.0003   -0.0005   -0.0007   -0.0008   -0.0000 |
  |------------------------------------------------------------------------|
  | dlsales   20       2   -0.0004   -0.0003    0.0000   -0.0006    0.0001 |
  | dlsales   21       2    0.0003   -0.0007    0.0004   -0.0003   -0.0003 |
  | dlsales   22       2    0.0000   -0.0002    0.0006   -0.0003   -0.0006 |
  | dlsales   23       2    0.0002   -0.0004   -0.0000   -0.0002   -0.0006 |
  | dlsales   24       2   -0.0000    0.0001   -0.0009   -0.0003   -0.0005 |
  |------------------------------------------------------------------------|
  |  dlperm    0       3    0.0242    0.0297    0.1526    0.0000    0.0000 |
  |  dlperm    1       3   -0.0029    0.0112   -0.0503    0.0250   -0.0011 |
  |  dlperm    2       3    0.0030    0.0039   -0.0037   -0.0034   -0.0022 |
  |  dlperm    3       3   -0.0051    0.0099    0.0165    0.0065   -0.0054 |
  |  dlperm    4       3   -0.0144    0.0024   -0.0086    0.0080   -0.0020 |
  |------------------------------------------------------------------------|
  |  dlperm    5       3    0.0027    0.0048    0.0219   -0.0054   -0.0007 |
  |  dlperm    6       3   -0.0003    0.0110    0.0120    0.0098   -0.0040 |
  |  dlperm    7       3    0.0013    0.0058   -0.0142   -0.0018    0.0003 |
  |  dlperm    8       3   -0.0013   -0.0015    0.0058   -0.0032    0.0062 |
  |  dlperm    9       3   -0.0021   -0.0040    0.0079    0.0053    0.0027 |
  |------------------------------------------------------------------------|
  |  dlperm   10       3    0.0019   -0.0013    0.0171   -0.0041    0.0034 |
  |  dlperm   11       3    0.0033    0.0016    0.0182    0.0001    0.0033 |
  |  dlperm   12       3    0.0029    0.0030    0.0007    0.0029    0.0034 |
  |  dlperm   13       3   -0.0011    0.0048   -0.0100   -0.0014    0.0024 |
  |  dlperm   14       3   -0.0017   -0.0014    0.0063   -0.0019    0.0022 |
  |------------------------------------------------------------------------|
  |  dlperm   15       3   -0.0016   -0.0001    0.0054   -0.0014    0.0027 |
  |  dlperm   16       3    0.0003    0.0009    0.0046   -0.0028    0.0020 |
  |  dlperm   17       3    0.0012    0.0018    0.0020   -0.0014    0.0018 |
  |  dlperm   18       3    0.0003    0.0009   -0.0043   -0.0019    0.0023 |
  |  dlperm   19       3   -0.0006   -0.0020   -0.0005   -0.0037    0.0022 |
  |------------------------------------------------------------------------|
  |  dlperm   20       3   -0.0007   -0.0028    0.0052   -0.0020    0.0019 |
  |  dlperm   21       3    0.0008   -0.0016    0.0041   -0.0022    0.0016 |
  |  dlperm   22       3    0.0010   -0.0005    0.0024   -0.0026    0.0017 |
  |  dlperm   23       3    0.0001    0.0003   -0.0021   -0.0017    0.0015 |
  |  dlperm   24       3   -0.0003   -0.0010   -0.0024   -0.0023    0.0010 |
  |------------------------------------------------------------------------|
  |   dlhpi    0       4    0.0002    0.0023    0.0024    0.0148    0.0000 |
  |   dlhpi    1       4    0.0007    0.0015    0.0009    0.0005   -0.0009 |
  |   dlhpi    2       4   -0.0000    0.0016    0.0010    0.0022   -0.0005 |
  |   dlhpi    3       4   -0.0003    0.0024    0.0008    0.0042   -0.0002 |
  |   dlhpi    4       4    0.0006    0.0016    0.0009    0.0042   -0.0004 |
  |------------------------------------------------------------------------|
  |   dlhpi    5       4    0.0003    0.0027    0.0013    0.0023   -0.0001 |
  |   dlhpi    6       4    0.0007    0.0018    0.0012    0.0020    0.0003 |
  |   dlhpi    7       4    0.0000    0.0018    0.0010    0.0031    0.0003 |
  |   dlhpi    8       4    0.0006    0.0016    0.0007    0.0035    0.0002 |
  |   dlhpi    9       4    0.0003    0.0022    0.0015    0.0025    0.0012 |
  |------------------------------------------------------------------------|
  |   dlhpi   10       4    0.0004    0.0017    0.0011    0.0015    0.0013 |
  |   dlhpi   11       4   -0.0000    0.0024    0.0011    0.0023    0.0013 |
  |   dlhpi   12       4    0.0006    0.0022    0.0009    0.0027    0.0011 |
  |   dlhpi   13       4    0.0003    0.0015    0.0011    0.0015    0.0016 |
  |   dlhpi   14       4    0.0001    0.0016    0.0009    0.0012    0.0016 |
  |------------------------------------------------------------------------|
  |   dlhpi   15       4    0.0002    0.0016    0.0007    0.0016    0.0016 |
  |   dlhpi   16       4    0.0003    0.0014    0.0007    0.0015    0.0016 |
  |   dlhpi   17       4    0.0003    0.0013    0.0008    0.0010    0.0018 |
  |   dlhpi   18       4    0.0002    0.0012    0.0006    0.0008    0.0018 |
  |   dlhpi   19       4    0.0002    0.0011    0.0004    0.0008    0.0017 |
  |------------------------------------------------------------------------|
  |   dlhpi   20       4    0.0002    0.0010    0.0005    0.0008    0.0017 |
  |   dlhpi   21       4    0.0002    0.0009    0.0005    0.0005    0.0018 |
  |   dlhpi   22       4    0.0002    0.0008    0.0004    0.0003    0.0017 |
  |   dlhpi   23       4    0.0002    0.0007    0.0003    0.0004    0.0016 |
  |   dlhpi   24       4    0.0002    0.0007    0.0002    0.0003    0.0015 |
  |------------------------------------------------------------------------|
  |    lfor    0       5   -0.0075   -0.0090   -0.0036   -0.0125    0.1417 |
  |    lfor    1       5   -0.0128   -0.0188   -0.0100   -0.0247    0.0994 |
  |    lfor    2       5   -0.0144   -0.0190   -0.0166   -0.0282    0.1014 |
  |    lfor    3       5   -0.0214   -0.0249   -0.0217   -0.0429    0.1012 |
  |    lfor    4       5   -0.0229   -0.0315   -0.0259   -0.0508    0.1091 |
  |------------------------------------------------------------------------|
  |    lfor    5       5   -0.0273   -0.0401   -0.0352   -0.0645    0.1084 |
  |    lfor    6       5   -0.0233   -0.0462   -0.0468   -0.0687    0.1039 |
  |    lfor    7       5   -0.0209   -0.0508   -0.0496   -0.0742    0.1081 |
  |    lfor    8       5   -0.0184   -0.0552   -0.0533   -0.0827    0.1034 |
  |    lfor    9       5   -0.0202   -0.0575   -0.0541   -0.0800    0.0959 |
  |------------------------------------------------------------------------|
  |    lfor   10       5   -0.0164   -0.0606   -0.0596   -0.0832    0.0909 |
  |    lfor   11       5   -0.0168   -0.0607   -0.0609   -0.0858    0.0810 |
  |    lfor   12       5   -0.0180   -0.0662   -0.0631   -0.0838    0.0735 |
  |    lfor   13       5   -0.0170   -0.0657   -0.0647   -0.0840    0.0639 |
  |    lfor   14       5   -0.0170   -0.0659   -0.0655   -0.0819    0.0539 |
  |------------------------------------------------------------------------|
  |    lfor   15       5   -0.0165   -0.0651   -0.0659   -0.0801    0.0446 |
  |    lfor   16       5   -0.0161   -0.0654   -0.0663   -0.0766    0.0354 |
  |    lfor   17       5   -0.0156   -0.0644   -0.0664   -0.0731    0.0270 |
  |    lfor   18       5   -0.0153   -0.0633   -0.0652   -0.0694    0.0186 |
  |    lfor   19       5   -0.0147   -0.0621   -0.0624   -0.0653    0.0110 |
  |------------------------------------------------------------------------|
  |    lfor   20       5   -0.0140   -0.0601   -0.0605   -0.0607    0.0038 |
  |    lfor   21       5   -0.0135   -0.0572   -0.0585   -0.0559   -0.0030 |
  |    lfor   22       5   -0.0126   -0.0553   -0.0561   -0.0513   -0.0091 |
  |    lfor   23       5   -0.0124   -0.0524   -0.0534   -0.0467   -0.0145 |
  |    lfor   24       5   -0.0118   -0.0494   -0.0505   -0.0418   -0.0193 |
  +------------------------------------------------------------------------+
s=4,8,12,16,20,24,
** variance-decompositions: percent of variation in the row variable explained by column variable

D[30,6]
                 s      dlemp    dlsales     dlperm      dlhpi       lfor
  dlemp          4  .94654217  .02198802  .02099521  .00860212  .00187249
dlsales          4  .01225359     .96207  .01737325  .00676549  .00153767
 dlperm          4  .02199196  .03933024  .91374403  .02372393  .00120983
  dlhpi          4  .00233929  .05960525  .03074421  .90303915   .0042721
   lfor          4   .0154833  .02480014  .01509105  .05971337  .88491214
  dlemp          8  .82233376  .09957617  .05339488  .02280293  .00189226
dlsales          8  .01526422  .95297774  .02151981  .00769656  .00254167
 dlperm          8  .02804288  .04345786  .89770545    .028962  .00183181
  dlhpi          8  .00458811  .09908407  .04006091  .85174978  .00451712
   lfor          8  .02298136  .06406901   .0545151  .14957114  .70886339
  dlemp         12  .73431341  .15154553  .07342168   .0368475  .00387187
dlsales         12  .01753139   .9384044  .02554169  .00959498  .00892754
 dlperm         12  .02791895   .0429291  .89526582  .02992509  .00396105
  dlhpi         12  .00547267  .12705597   .0481467  .80222712  .01709753
   lfor         12  .01955116  .09906077  .09032965  .21138654  .57967188
  dlemp         16  .69184184  .16392051  .08803774  .04297253  .01322738
dlsales         16  .01764581  .93701804  .02613622  .00995887  .00924106
 dlperm         16  .02814913  .04365684  .89314466   .0301856  .00486377
  dlhpi         16  .00609479  .14515968  .05196155  .76000016  .03678382
   lfor         16  .01847391  .13092897   .1228276   .2475322  .48023732
  dlemp         20  .66486334  .16841982  .09669095  .04288946  .02713643
dlsales         20  .01773042  .93637383  .02629796  .01030209   .0092957
 dlperm         20  .02812544  .04380113  .89170982  .03096939  .00539421
  dlhpi         20  .00628649  .15148666  .05289032  .72742678  .06190975
   lfor         20  .01820292  .15545662  .15043552  .26471497  .41118997
  dlemp         24   .6505673  .16899804  .09962493  .04200138  .03880835
dlsales         24  .01775452  .93619086  .02633465   .0103541  .00936586
 dlperm         24  .02810592  .04400577  .89068807  .03145895   .0057413
  dlhpi         24  .00635294  .15261545  .05260998  .70351107  .08491057
   lfor         24  .01818155  .17230701  .16877322  .26836936  .37236886

. log close
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_Purchase-only_Appendix.v5.txt
  log type:  text
 closed on:   8 May 2011, 18:41:04
----------------------------------------------------------------------------------------------------
