----------------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/ForeclosurePriceNexus_Ro
> bustnessLog_RealHPIs_Appendix.v5.txt
  log type:  text
 opened on:   8 May 2011, 18:39:51

. 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 : 18:39:51  
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    .4580943   .04348158   10.535363
  L.h_dlsales   .00248463   .00078103   3.1812354
   L.h_dlperm   .00288126   .00053152   5.4208035
    L.h_dlhpi  -.01107804   .00544436  -2.0347728
     L.h_lfor  -.00027183   .00047395  -.57354501
   L2.h_dlemp   .22289608   .02964889    7.517856
 L2.h_dlsales   .00282802   .00085615   3.3031809
  L2.h_dlperm   .00178228   .00066859   2.6657169
   L2.h_dlhpi   .02212302   .00580513   3.8109445
    L2.h_lfor   .00084648   .00054636      1.5493
   L3.h_dlemp    .0907149   .02741822   3.3085628
 L3.h_dlsales    .0012991   .00083573   1.5544577
  L3.h_dlperm    .0015244   .00054315   2.8065794
   L3.h_dlhpi   .00917288   .00508562   1.8036919
    L3.h_lfor   .00073907    .0005319   1.3894938
   L4.h_dlemp  -.12797782   .02386309  -5.3630033
 L4.h_dlsales   .00191748    .0008133   2.3576548
  L4.h_dlperm   .00124254   .00052499   2.3667888
   L4.h_dlhpi     .006633    .0053138   1.2482586
    L4.h_lfor  -.00133933   .00054598  -2.4530918
   L5.h_dlemp   .07221097   .02468971   2.9247402
 L5.h_dlsales   .00289493   .00079735   3.6307086
  L5.h_dlperm   .00238066   .00067528   3.5254269
   L5.h_dlhpi  -.01333609   .00581123  -2.2948838
    L5.h_lfor  -.00028625   .00054923   -.5211838
   L6.h_dlemp    .0507301   .01833076   2.7674845
 L6.h_dlsales   .00343696   .00077434   4.4385675
  L6.h_dlperm   .00171135   .00062294   2.7472236
   L6.h_dlhpi    .0014876   .00494559   .30079234
    L6.h_lfor  -.00056631   .00056131  -1.0089143
   L7.h_dlemp   .02268358   .01890129   1.2001076
 L7.h_dlsales   .00358864   .00076634   4.6828064
  L7.h_dlperm  -.00074261   .00059868   -1.240404
   L7.h_dlhpi   .00091801    .0049214   .18653521
    L7.h_lfor   .00011498   .00054782    .2098931
   L8.h_dlemp  -.11059816   .01980428  -5.5845587
 L8.h_dlsales   .00289134   .00079987   3.6147687
  L8.h_dlperm  -.00059444   .00056476  -1.0525589
   L8.h_dlhpi   .00239798   .00380239   .63065133
    L8.h_lfor   .00050369   .00058967   .85418064
   L9.h_dlemp   .05953526     .023792    2.502322
 L9.h_dlsales   .00060859   .00079851   .76215823
  L9.h_dlperm   .00094092   .00062857   1.4969298
   L9.h_dlhpi    .0000355   .00413458   .00858525
    L9.h_lfor   .00018073   .00064707    .2793095
  L10.h_dlemp   .04769875   .02023516   2.3572213
L10.h_dlsales  -.00062143   .00075682  -.82111182
 L10.h_dlperm   .00048295   .00056901   .84875068
  L10.h_dlhpi  -.00269582   .00309884  -.86994326
   L10.h_lfor   .00053292   .00064698   .82370242
  L11.h_dlemp    .0058065   .01678713   .34588992
L11.h_dlsales   .00023456    .0007166   .32733023
 L11.h_dlperm   .00028584   .00061506   .46472945
  L11.h_dlhpi  -.00238391   .00325318  -.73279304
   L11.h_lfor    .0003472   .00067328   .51567931
  L12.h_dlemp  -.01155424   .01885584  -.61276717
L12.h_dlsales  -.00036935   .00069667  -.53016021
 L12.h_dlperm  -.00054395   .00054463  -.99875433
  L12.h_dlhpi  -.00355788   .00246394  -1.4439822
   L12.h_lfor  -.00060583   .00050187  -1.2071587
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ2: dep.var     : h_dlsales

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp   .24522562   .41480068   .59118905
  L.h_dlsales  -.26154885   .02782712  -9.3990637
   L.h_dlperm   .07294452   .01267143    5.756612
    L.h_dlhpi   .55258434   .12665526    4.362901
     L.h_lfor   .00853135   .01122864   .75978424
   L2.h_dlemp  -.38028857   .42069782  -.90394708
 L2.h_dlsales  -.09822002   .02376292  -4.1333306
  L2.h_dlperm    .0426485   .01227449   3.4745637
   L2.h_dlhpi   .33846726   .12909297   2.6218877
    L2.h_lfor   .02439463   .01379199   1.7687542
   L3.h_dlemp  -1.5253838   .44682256  -3.4138468
 L3.h_dlsales  -.09083697   .02287002  -3.9718801
  L3.h_dlperm   .01542421   .01219078    1.265236
   L3.h_dlhpi   .33036203   .12106673   2.7287598
    L3.h_lfor  -.01724595   .01416043  -1.2178977
   L4.h_dlemp  -.57875504   .42108127  -1.3744498
 L4.h_dlsales   .02391592   .02219556   1.0775093
  L4.h_dlperm  -.02341695   .01408757  -1.6622418
   L4.h_dlhpi  -.04247547   .11338579  -.37461016
    L4.h_lfor  -.00356132   .01458444  -.24418602
   L5.h_dlemp   .54329606   .42253349   1.2858059
 L5.h_dlsales  -.00250458    .0216349  -.11576588
  L5.h_dlperm   .01026902    .0136379   .75297706
   L5.h_dlhpi  -.45987616    .1290477  -3.5636138
    L5.h_lfor   .00680624   .01436597   .47377542
   L6.h_dlemp  -.38884319   .38490143   -1.010241
 L6.h_dlsales   .08027069   .02128031   3.7720635
  L6.h_dlperm   .02542058     .012492   2.0349479
   L6.h_dlhpi  -.17770486   .11133637  -1.5961079
    L6.h_lfor  -.00359281   .01480164   -.2427308
   L7.h_dlemp   .54607262    .3668153   1.4886855
 L7.h_dlsales   .00899899   .02236107   .40243994
  L7.h_dlperm   .00479533   .01317233   .36404549
   L7.h_dlhpi    .1037942    .1149967   .90258419
    L7.h_lfor  -.00101655   .01452903  -.06996668
   L8.h_dlemp  -.05153147   .39615942   -.1300776
 L8.h_dlsales  -.03176571   .02316978  -1.3709973
  L8.h_dlperm    .0125767   .01297733   .96912856
   L8.h_dlhpi  -.17458179   .09367348  -1.8637269
    L8.h_lfor   .02132389   .01646063   1.2954479
   L9.h_dlemp   .18037694   .37372577   .48264517
 L9.h_dlsales  -.02018994   .01921075  -1.0509713
  L9.h_dlperm   .04051277   .01261531   3.2113956
   L9.h_dlhpi  -.00843951   .06866518  -.12290811
    L9.h_lfor    .0013358    .0138388   .09652557
  L10.h_dlemp  -.58627463   .37253589    -1.57374
L10.h_dlsales   .05284173   .01788992   2.9537149
 L10.h_dlperm   .01503953   .01144539   1.3140253
  L10.h_dlhpi  -.08919798   .07331214  -1.2166877
   L10.h_lfor    .0047269   .01387235   .34074239
  L11.h_dlemp   .90525756    .3508073   2.5804981
L11.h_dlsales   .02404313   .01779274   1.3512889
 L11.h_dlperm   .02655977   .01184087   2.2430579
  L11.h_dlhpi  -.13102964   .06582991  -1.9904273
   L11.h_lfor  -.01387063    .0128561  -1.0789141
  L12.h_dlemp  -.01240968   .33574124  -.03696205
L12.h_dlsales   .00006519   .01713237   .00380515
 L12.h_dlperm   .01335022    .0123097   1.0845284
  L12.h_dlhpi  -.12196402   .06981462  -1.7469696
   L12.h_lfor  -.02197696   .00997717  -2.2027245
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ3: dep.var     : h_dlperm

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp   1.1425953   .63097395   1.8108439
  L.h_dlsales   .16347799   .03263144   5.0098309
   L.h_dlperm  -.35327859   .04805987  -7.3508027
    L.h_dlhpi   1.0294605   .21996963   4.6800118
     L.h_lfor    -.017042   .01499084  -1.1368276
   L2.h_dlemp    1.099756    .6977115   1.5762332
 L2.h_dlsales   .11606363   .03151549   3.6827492
  L2.h_dlperm   -.1725273   .04624083  -3.7310601
   L2.h_dlhpi   1.0084575   .30238913   3.3349662
    L2.h_lfor   .00390333   .01407317   .27735974
   L3.h_dlemp  -2.0277519   .90275891  -2.2461721
 L3.h_dlsales   .10656584   .03708951   2.8732072
  L3.h_dlperm   .00918487    .0749033   .12262298
   L3.h_dlhpi   .63104007   .18715458   3.3717586
    L3.h_lfor   -.0301463   .01482053  -2.0340906
   L4.h_dlemp  -3.2223314   .85094304  -3.7867769
 L4.h_dlsales   .05330577   .03192308   1.6698192
  L4.h_dlperm    -.041529   .06562926  -.63278182
   L4.h_dlhpi  -.45922537   .22747718  -2.0187755
    L4.h_lfor   .00429976   .01524851   .28197873
   L5.h_dlemp   .12990015   .70346907   .18465652
 L5.h_dlsales   .02392978    .0303941   .78731655
  L5.h_dlperm   .13818111   .04712928   2.9319586
   L5.h_dlhpi  -.91762476   .23635891  -3.8823362
    L5.h_lfor   .00587697   .01562287   .37617699
   L6.h_dlemp   .24133673   .72444262   .33313436
 L6.h_dlsales   .04673897   .03141421    1.487829
  L6.h_dlperm   .16049599   .05852973   2.7421275
   L6.h_dlhpi  -.48778105   .19943105  -2.4458631
    L6.h_lfor  -.01346844    .0155966  -.86354968
   L7.h_dlemp   1.0634106    .6931044   1.5342718
 L7.h_dlsales   .05117079      .03592   1.4245765
  L7.h_dlperm   .01620734   .05033575   .32198471
   L7.h_dlhpi  -.14337788   .18930226  -.75740185
    L7.h_lfor   .01710715   .01481486   1.1547285
   L8.h_dlemp  -.57333487   .53424146  -1.0731755
 L8.h_dlsales   .00418689   .03293683   .12711894
  L8.h_dlperm  -.00016097   .05465575  -.00294514
   L8.h_dlhpi   -.2742105   .13113925  -2.0909872
    L8.h_lfor   .05436108   .01581639   3.4370104
   L9.h_dlemp   .41464273   .59329411   .69888225
 L9.h_dlsales  -.05804194   .03463345  -1.6758925
  L9.h_dlperm   .04331208   .05729155   .75599424
   L9.h_dlhpi  -.32326654   .11916205  -2.7128314
    L9.h_lfor  -.00312145   .01633842  -.19104946
  L10.h_dlemp    .4446892   .56056156   .79329235
L10.h_dlsales  -.06598734   .03432554  -1.9223977
 L10.h_dlperm   .14696123   .04924062   2.9845529
  L10.h_dlhpi   -.3742956   .11479018  -3.2606935
   L10.h_lfor  -.01504282   .01561746   -.9632056
  L11.h_dlemp    .4261154   .49995093   .85231445
L11.h_dlsales  -.07384716   .03348133  -2.2056223
 L11.h_dlperm   .18114941    .0404301    4.480558
  L11.h_dlhpi  -.25198683   .09369089  -2.6895552
   L11.h_lfor  -.00789623   .01438222  -.54902708
  L12.h_dlemp  -.14699717   .46036003  -.31930916
L12.h_dlsales  -.05484639     .026495  -2.0700658
 L12.h_dlperm   .12669096   .05099603   2.4843297
  L12.h_dlhpi  -.09112091   .08455249  -1.0776845
   L12.h_lfor   .00165256   .01183016   .13969039
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ4: dep.var     : h_dlhpi

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp  -.12561958   .07935867  -1.5829344
  L.h_dlsales   .00447222   .00283682   1.5764939
   L.h_dlperm   .00369399   .00233471   1.5822037
    L.h_dlhpi   .18780144   .02726672   6.8875691
     L.h_lfor   -.0078369   .00180344  -4.3455322
   L2.h_dlemp  -.07048462   .07858966   -.8968689
 L2.h_dlsales   .00776845   .00361555   2.1486224
  L2.h_dlperm   .00660719    .0023226   2.8447429
   L2.h_dlhpi   .04282504   .02997116   1.4288753
    L2.h_lfor  -.00250918   .00229071  -1.0953755
   L3.h_dlemp   .13745986    .0722968    1.901327
 L3.h_dlsales   .01373191   .00387119   3.5472036
  L3.h_dlperm   .00286033   .00185793   1.5395282
   L3.h_dlhpi   .17820995   .03324553   5.3604179
    L3.h_lfor   .00510112   .00219679   2.3220848
   L4.h_dlemp   .23384495   .07941666   2.9445327
 L4.h_dlsales    .0035634   .00327881   1.0867947
  L4.h_dlperm  -.00075676   .00298539  -.25348846
   L4.h_dlhpi   .13864931   .03246494   4.2707396
    L4.h_lfor   .00702643   .00225489   3.1160813
   L5.h_dlemp  -.13995882   .06990878  -2.0020206
 L5.h_dlsales   .00793439    .0037082   2.1396899
  L5.h_dlperm   .00217069   .00242143   .89645284
   L5.h_dlhpi   .02715544   .04531932   .59920222
    L5.h_lfor  -.00048964   .00210855  -.23221491
   L6.h_dlemp   .08394305   .07024813   1.1949506
 L6.h_dlsales   .00251733   .00304433   .82689261
  L6.h_dlperm  -.00074517   .00236971  -.31445515
   L6.h_dlhpi  -.01188035   .03038363  -.39101135
    L6.h_lfor  -.00184021   .00192179  -.95755227
   L7.h_dlemp  -.01788665    .0721679  -.24784776
 L7.h_dlsales   .00509551   .00324107   1.5721664
  L7.h_dlperm   .00430053   .00235373    1.827112
   L7.h_dlhpi   .02002064   .02994496    .6685813
    L7.h_lfor  -.00049341   .00192959  -.25570508
   L8.h_dlemp    .0803652   .06152166   1.3062911
 L8.h_dlsales   .00005663   .00339492   .01668081
  L8.h_dlperm   .00330919    .0032109   1.0306125
   L8.h_dlhpi   .06720036   .02640264    2.545214
    L8.h_lfor   .00122643   .00193835   .63271918
   L9.h_dlemp  -.09370437   .06342037  -1.4775121
 L9.h_dlsales   .00020447   .00377141   .05421495
  L9.h_dlperm   .00235881   .00297232    .7935941
   L9.h_dlhpi   .07788216   .02262564   3.4422076
    L9.h_lfor   .00336621   .00197432   1.7050005
  L10.h_dlemp   .05885151   .06922144   .85019202
L10.h_dlsales   .00016935    .0032114    .0527329
 L10.h_dlperm   -.0000832    .0024517  -.03393675
  L10.h_dlhpi  -.02654516   .02204027  -1.2043934
   L10.h_lfor  -.00195439   .00180967  -1.0799724
  L11.h_dlemp  -.06494277   .08110327  -.80074167
L11.h_dlsales    .0091793   .00333936   2.7488219
 L11.h_dlperm   .00022353   .00203183   .11001421
  L11.h_dlhpi  -.00531571   .01598836  -.33247353
   L11.h_lfor   .00124825   .00204516   .61034355
  L12.h_dlemp   .05221038   .07574616   .68928093
L12.h_dlsales   .00859414   .00343026   2.5053913
 L12.h_dlperm   -.0002552    .0021932  -.11636123
  L12.h_dlhpi   .01848349   .01524409   1.2125017
   L12.h_lfor  -.00115138   .00156709  -.73472494
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ5: dep.var     : h_lfor

                    b_GMM      se_GMM       t_GMM
    L.h_dlemp  -1.5841133   .56781532  -2.7898389
  L.h_dlsales  -.07718359    .0287556  -2.6841241
   L.h_dlperm  -.03692408    .0118619  -3.1128296
    L.h_dlhpi   -.9243423   .17057712  -5.4189115
     L.h_lfor   .71243953   .03650342   19.517062
   L2.h_dlemp    -.211773   .64104034   -.3303583
 L2.h_dlsales   .00525856   .02980842   .17641188
  L2.h_dlperm  -.05368567   .01364303  -3.9350245
   L2.h_dlhpi  -.33167906   .18109973  -1.8314718
    L2.h_lfor   .21659204   .04935528   4.3884269
   L3.h_dlemp  -1.3899601   .58276991  -2.3850924
 L3.h_dlsales   .00568556   .02795264    .2033996
  L3.h_dlperm  -.04392415   .01435859  -3.0590845
   L3.h_dlhpi   -1.105586   .17565987  -6.2939018
    L3.h_lfor   .05128952   .04811677   1.0659386
   L4.h_dlemp   .47230757   .56364564   .83795125
 L4.h_dlsales  -.00239755   .02828533  -.08476316
  L4.h_dlperm  -.03893338     .016615  -2.3432662
   L4.h_dlhpi   .08865073   .16837945   .52649376
    L4.h_lfor   .06284437   .04111627   1.5284549
   L5.h_dlemp   -.3919918   .55159072  -.71065699
 L5.h_dlsales  -.00812665   .02835729  -.28658069
  L5.h_dlperm  -.06503963   .01675063  -3.8828181
   L5.h_dlhpi  -.18475962   .20257188  -.91206944
    L5.h_lfor  -.02449905   .03355855  -.73003914
   L6.h_dlemp    1.651504   .62224467    2.654107
 L6.h_dlsales   .01695803     .028796   .58890211
  L6.h_dlperm  -.08517109   .01582248   -5.382917
   L6.h_dlhpi   .08798154   .17457638   .50397164
    L6.h_lfor  -.04759719    .0328319  -1.4497239
   L7.h_dlemp   .73081189   .58948363   1.2397493
 L7.h_dlsales   .03081615   .02799085   1.1009365
  L7.h_dlperm  -.05013516   .01738222  -2.8842783
   L7.h_dlhpi   .04115098   .16235459   .25346361
    L7.h_lfor   .03666352   .03353187   1.0933932
   L8.h_dlemp   .32596247   .61942536   .52623366
 L8.h_dlsales    .0383452   .02771594   1.3835071
  L8.h_dlperm  -.02986621   .01900896  -1.5711649
   L8.h_dlhpi  -.02356921   .12858579  -.18329563
    L8.h_lfor  -.04041716   .04412527  -.91596397
   L9.h_dlemp  -1.0763302    .5975384  -1.8012737
 L9.h_dlsales   .02881933   .02780501   1.0364796
  L9.h_dlperm  -.01534066   .01780251  -.86171306
   L9.h_dlhpi   .53438205   .14641932   3.6496689
    L9.h_lfor  -.04205901   .03319656   -1.266969
  L10.h_dlemp   .61490358   .59742318   1.0292597
L10.h_dlsales   .02084607    .0284886   .73173391
 L10.h_dlperm  -.01677586   .01703346  -.98487668
  L10.h_dlhpi   .08570253   .12669508   .67644722
   L10.h_lfor   .01471916   .03119335   .47186862
  L11.h_dlemp  -.47414096   .62702163  -.75617958
L11.h_dlsales   .03141576   .02629922   1.1945508
 L11.h_dlperm  -.00340479   .01666878  -.20426127
  L11.h_dlhpi   -.0441371   .10992432  -.40152258
   L11.h_lfor  -.02077614   .03098405  -.67054323
  L12.h_dlemp  -.20925312   .57833511  -.36181985
L12.h_dlsales  -.03485931   .02689174  -1.2962833
 L12.h_dlperm   -.0040015   .01622847  -.24657266
  L12.h_dlhpi   .25747442   .13130098   1.9609482
   L12.h_lfor   .00914519   .02066306   .44258656
------------------------------------------------------------------------------
just identified - Hansen statistic is not calculated 
these are summary  of residuals:

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
    __00009I |      5237    .0002163    .0041547  -.0641178   .0475815
    __00009L |      5237    .0071867    .0977328  -.9464607    .689607
    __00009O |      5236    .0026084    .1573994  -2.962337   2.505021
    __00009R |      5237    .0001753    .0145107  -.2139756   .1744436
    __00009U |      5186   -.0006608    .1428488  -1.615972   2.282714
-------------+--------------------------------------------------------
       dlemp |      6120     .003195    .0074502  -.0723462   .0675726
     dlsales |      5916    .0053343    .1111583  -.9608572   .8230836
      dlperm |      6116   -.0023875    .1828618  -3.146739   2.144224
       dlhpi |      6120     .001523      .03174  -.5584154   .7971216
        lfor |      6120   -.1832155    .7563009  -3.912023   2.598235

symmetric uu[5,5]
              dlemp     dlsales      dlperm       dlhpi        lfor
  dlemp   .00001733
dlsales   .00002856   .00923397
 dlperm   .00009624   .00276709   .02457813
  dlhpi  -5.851e-06   .00009111   .00007813   .00021214
   lfor  -.00003108  -.00072986  -.00082468  -.00011194   .02039753
 
Residuals correlation matrix 

             |       u1       u2       u3       u4       u5
-------------+---------------------------------------------
          u1 |   1.0000 
             |
             |
          u2 |   0.0744   1.0000 
             |   0.0000
             |
          u3 |   0.1420   0.1771   1.0000 
             |   0.0000   0.0000
             |
          u4 |  -0.0962   0.0637   0.0351   1.0000 
             |   0.0000   0.0000   0.0111
             |
          u5 |  -0.0525  -0.0528  -0.0368  -0.0538   1.0000 
             |   0.0002   0.0001   0.0081   0.0001
             |
 
Variance-covariance matrix of residuals (u'u):

symmetric uu[5,5]
              dlemp     dlsales      dlperm       dlhpi        lfor
  dlemp   .00001733
dlsales   .00002856   .00923397
 dlperm   .00009624   .00276709   .02457813
  dlhpi  -5.851e-06   .00009111   .00007813   .00021214
   lfor  -.00003108  -.00072986  -.00082468  -.00011194   .02039753
 
Mean squared errors of regression (sqrt of diagonal elements of u'u)

rmse[1,5]
        dlemp    dlsales     dlperm      dlhpi       lfor
r1  .00416252  .09609357  .15677415  .01456503  .14281991
 
GMM finished : 18:39:53
 

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 : 18:39:53 , 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 : 18:40:27 
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    0.0003    0.0004   -0.0002   -0.0000 |
  |   dlemp    2       1    0.0019    0.0004    0.0003    0.0003    0.0001 |
  |   dlemp    3       1    0.0017    0.0004    0.0004    0.0004    0.0002 |
  |   dlemp    4       1    0.0008    0.0005    0.0005    0.0004   -0.0000 |
  |------------------------------------------------------------------------|
  |   dlemp    5       1    0.0010    0.0007    0.0006    0.0003   -0.0001 |
  |   dlemp    6       1    0.0009    0.0008    0.0006    0.0004   -0.0001 |
  |   dlemp    7       1    0.0008    0.0009    0.0004    0.0004   -0.0002 |
  |   dlemp    8       1    0.0003    0.0009    0.0004    0.0004   -0.0001 |
  |   dlemp    9       1    0.0004    0.0007    0.0006    0.0004   -0.0001 |
  |------------------------------------------------------------------------|
  |   dlemp   10       1    0.0004    0.0005    0.0005    0.0003   -0.0000 |
  |   dlemp   11       1    0.0004    0.0006    0.0006    0.0003    0.0001 |
  |   dlemp   12       1    0.0004    0.0005    0.0005    0.0002    0.0001 |
  |   dlemp   13       1    0.0003    0.0005    0.0005    0.0001    0.0001 |
  |   dlemp   14       1    0.0003    0.0004    0.0005    0.0001    0.0002 |
  |------------------------------------------------------------------------|
  |   dlemp   15       1    0.0002    0.0003    0.0005    0.0001    0.0002 |
  |   dlemp   16       1    0.0003    0.0003    0.0005    0.0000    0.0002 |
  |   dlemp   17       1    0.0002    0.0003    0.0004   -0.0000    0.0002 |
  |   dlemp   18       1    0.0002    0.0003    0.0004   -0.0001    0.0002 |
  |   dlemp   19       1    0.0001    0.0002    0.0003   -0.0001    0.0002 |
  |------------------------------------------------------------------------|
  |   dlemp   20       1    0.0001    0.0002    0.0003   -0.0001    0.0002 |
  |   dlemp   21       1    0.0001    0.0002    0.0003   -0.0002    0.0002 |
  |   dlemp   22       1    0.0001    0.0001    0.0003   -0.0002    0.0002 |
  |   dlemp   23       1    0.0001    0.0001    0.0002   -0.0002    0.0002 |
  |   dlemp   24       1    0.0001    0.0001    0.0002   -0.0002    0.0002 |
  |------------------------------------------------------------------------|
  | dlsales    0       2    0.0069    0.0958    0.0000    0.0000    0.0000 |
  | dlsales    1       2    0.0001   -0.0226    0.0114    0.0079    0.0012 |
  | dlsales    2       2   -0.0022   -0.0013    0.0002    0.0051    0.0032 |
  | dlsales    3       2   -0.0075   -0.0044   -0.0007    0.0056   -0.0013 |
  | dlsales    4       2   -0.0048    0.0067   -0.0044    0.0010   -0.0006 |
  |------------------------------------------------------------------------|
  | dlsales    5       2   -0.0004   -0.0018    0.0036   -0.0054    0.0011 |
  | dlsales    6       2   -0.0022    0.0089    0.0038   -0.0015    0.0011 |
  | dlsales    7       2    0.0012   -0.0037   -0.0010    0.0034    0.0012 |
  | dlsales    8       2   -0.0008   -0.0031    0.0002   -0.0026    0.0040 |
  | dlsales    9       2   -0.0010   -0.0014    0.0037   -0.0009    0.0028 |
  |------------------------------------------------------------------------|
  | dlsales   10       2   -0.0033    0.0055   -0.0019   -0.0018    0.0040 |
  | dlsales   11       2    0.0041   -0.0017    0.0055   -0.0025    0.0015 |
  | dlsales   12       2   -0.0003   -0.0001    0.0008   -0.0029   -0.0003 |
  | dlsales   13       2   -0.0007   -0.0009   -0.0026   -0.0003    0.0009 |
  | dlsales   14       2   -0.0004    0.0000   -0.0014   -0.0016    0.0010 |
  |------------------------------------------------------------------------|
  | dlsales   15       2   -0.0012   -0.0007   -0.0000   -0.0017    0.0005 |
  | dlsales   16       2   -0.0005    0.0002    0.0003   -0.0020    0.0002 |
  | dlsales   17       2    0.0008   -0.0013    0.0009   -0.0014    0.0000 |
  | dlsales   18       2    0.0002   -0.0005   -0.0012   -0.0011   -0.0000 |
  | dlsales   19       2   -0.0006   -0.0007   -0.0011   -0.0008   -0.0001 |
  |------------------------------------------------------------------------|
  | dlsales   20       2   -0.0004   -0.0006    0.0000   -0.0012   -0.0001 |
  | dlsales   21       2    0.0002   -0.0010    0.0006   -0.0013   -0.0005 |
  | dlsales   22       2    0.0000   -0.0005    0.0004   -0.0007   -0.0006 |
  | dlsales   23       2    0.0003   -0.0007   -0.0004   -0.0004   -0.0006 |
  | dlsales   24       2   -0.0001   -0.0002   -0.0013   -0.0005   -0.0006 |
  |------------------------------------------------------------------------|
  |  dlperm    0       3    0.0231    0.0272    0.1527    0.0000    0.0000 |
  |  dlperm    1       3   -0.0036    0.0073   -0.0533    0.0150   -0.0024 |
  |  dlperm    2       3    0.0031    0.0026   -0.0038    0.0135   -0.0013 |
  |  dlperm    3       3   -0.0055    0.0093    0.0166    0.0085   -0.0066 |
  |  dlperm    4       3   -0.0136    0.0009   -0.0087   -0.0006   -0.0034 |
  |------------------------------------------------------------------------|
  |  dlperm    5       3    0.0032    0.0047    0.0237   -0.0044   -0.0017 |
  |  dlperm    6       3   -0.0002    0.0090    0.0115    0.0024   -0.0045 |
  |  dlperm    7       3    0.0013    0.0042   -0.0139    0.0045   -0.0007 |
  |  dlperm    8       3   -0.0016   -0.0010    0.0067   -0.0019    0.0047 |
  |  dlperm    9       3   -0.0022   -0.0041    0.0083   -0.0027    0.0002 |
  |------------------------------------------------------------------------|
  |  dlperm   10       3    0.0021   -0.0005    0.0185   -0.0035    0.0011 |
  |  dlperm   11       3    0.0040    0.0014    0.0182   -0.0020    0.0016 |
  |  dlperm   12       3    0.0023    0.0028    0.0012    0.0000    0.0021 |
  |  dlperm   13       3   -0.0017    0.0041   -0.0101   -0.0005    0.0014 |
  |  dlperm   14       3   -0.0018   -0.0005    0.0069   -0.0027    0.0012 |
  |------------------------------------------------------------------------|
  |  dlperm   15       3   -0.0019   -0.0008    0.0066   -0.0040    0.0012 |
  |  dlperm   16       3    0.0001    0.0003    0.0052   -0.0038    0.0014 |
  |  dlperm   17       3    0.0012    0.0013    0.0022   -0.0026    0.0012 |
  |  dlperm   18       3   -0.0004    0.0006   -0.0042   -0.0028    0.0017 |
  |  dlperm   19       3   -0.0010   -0.0018   -0.0002   -0.0039    0.0016 |
  |------------------------------------------------------------------------|
  |  dlperm   20       3   -0.0007   -0.0032    0.0059   -0.0043    0.0014 |
  |  dlperm   21       3    0.0004   -0.0020    0.0044   -0.0040    0.0011 |
  |  dlperm   22       3    0.0009   -0.0007    0.0021   -0.0032    0.0015 |
  |  dlperm   23       3   -0.0001   -0.0002   -0.0022   -0.0027    0.0014 |
  |  dlperm   24       3   -0.0007   -0.0013   -0.0025   -0.0031    0.0010 |
  |------------------------------------------------------------------------|
  |   dlhpi    0       4   -0.0014    0.0011    0.0005    0.0144    0.0000 |
  |   dlhpi    1       4   -0.0006    0.0008    0.0007    0.0028   -0.0011 |
  |   dlhpi    2       4   -0.0004    0.0011    0.0010    0.0014   -0.0014 |
  |   dlhpi    3       4    0.0001    0.0017    0.0005    0.0034   -0.0007 |
  |   dlhpi    4       4    0.0006    0.0007    0.0004    0.0037    0.0000 |
  |------------------------------------------------------------------------|
  |   dlhpi    5       4   -0.0002    0.0014    0.0010    0.0022   -0.0004 |
  |   dlhpi    6       4    0.0003    0.0010    0.0005    0.0017   -0.0006 |
  |   dlhpi    7       4    0.0003    0.0015    0.0014    0.0020   -0.0003 |
  |   dlhpi    8       4    0.0004    0.0010    0.0013    0.0028   -0.0001 |
  |   dlhpi    9       4   -0.0001    0.0012    0.0010    0.0029    0.0002 |
  |------------------------------------------------------------------------|
  |   dlhpi   10       4    0.0003    0.0010    0.0008    0.0015   -0.0001 |
  |   dlhpi   11       4   -0.0001    0.0020    0.0010    0.0014    0.0003 |
  |   dlhpi   12       4    0.0001    0.0018    0.0012    0.0020    0.0004 |
  |   dlhpi   13       4    0.0002    0.0009    0.0012    0.0015    0.0005 |
  |   dlhpi   14       4    0.0000    0.0010    0.0009    0.0011    0.0004 |
  |------------------------------------------------------------------------|
  |   dlhpi   15       4    0.0000    0.0012    0.0007    0.0010    0.0006 |
  |   dlhpi   16       4    0.0000    0.0009    0.0009    0.0009    0.0007 |
  |   dlhpi   17       4    0.0000    0.0008    0.0010    0.0007    0.0008 |
  |   dlhpi   18       4    0.0000    0.0007    0.0008    0.0005    0.0008 |
  |   dlhpi   19       4    0.0001    0.0007    0.0007    0.0003    0.0008 |
  |------------------------------------------------------------------------|
  |   dlhpi   20       4    0.0000    0.0006    0.0006    0.0003    0.0009 |
  |   dlhpi   21       4   -0.0001    0.0005    0.0005    0.0002    0.0010 |
  |   dlhpi   22       4   -0.0000    0.0004    0.0005   -0.0000    0.0009 |
  |   dlhpi   23       4   -0.0000    0.0003    0.0005   -0.0002    0.0009 |
  |   dlhpi   24       4   -0.0000    0.0003    0.0004   -0.0002    0.0009 |
  |------------------------------------------------------------------------|
  |    lfor    0       5   -0.0075   -0.0071   -0.0030   -0.0078    0.1422 |
  |    lfor    1       5   -0.0120   -0.0144   -0.0083   -0.0189    0.1013 |
  |    lfor    2       5   -0.0143   -0.0128   -0.0152   -0.0235    0.1041 |
  |    lfor    3       5   -0.0209   -0.0170   -0.0188   -0.0415    0.1048 |
  |    lfor    4       5   -0.0225   -0.0219   -0.0241   -0.0439    0.1139 |
  |------------------------------------------------------------------------|
  |    lfor    5       5   -0.0272   -0.0286   -0.0332   -0.0539    0.1142 |
  |    lfor    6       5   -0.0237   -0.0328   -0.0447   -0.0589    0.1104 |
  |    lfor    7       5   -0.0220   -0.0360   -0.0480   -0.0663    0.1156 |
  |    lfor    8       5   -0.0198   -0.0394   -0.0522   -0.0723    0.1122 |
  |    lfor    9       5   -0.0222   -0.0413   -0.0547   -0.0683    0.1063 |
  |------------------------------------------------------------------------|
  |    lfor   10       5   -0.0189   -0.0444   -0.0605   -0.0710    0.1030 |
  |    lfor   11       5   -0.0197   -0.0443   -0.0625   -0.0735    0.0953 |
  |    lfor   12       5   -0.0208   -0.0503   -0.0664   -0.0692    0.0896 |
  |    lfor   13       5   -0.0198   -0.0493   -0.0688   -0.0679    0.0823 |
  |    lfor   14       5   -0.0198   -0.0500   -0.0701   -0.0660    0.0741 |
  |------------------------------------------------------------------------|
  |    lfor   15       5   -0.0192   -0.0494   -0.0719   -0.0637    0.0665 |
  |    lfor   16       5   -0.0185   -0.0496   -0.0733   -0.0592    0.0587 |
  |    lfor   17       5   -0.0177   -0.0487   -0.0738   -0.0545    0.0516 |
  |    lfor   18       5   -0.0171   -0.0484   -0.0735   -0.0502    0.0441 |
  |    lfor   19       5   -0.0160   -0.0472   -0.0715   -0.0460    0.0369 |
  |------------------------------------------------------------------------|
  |    lfor   20       5   -0.0147   -0.0452   -0.0702   -0.0409    0.0301 |
  |    lfor   21       5   -0.0138   -0.0425   -0.0685   -0.0352    0.0238 |
  |    lfor   22       5   -0.0125   -0.0409   -0.0663   -0.0299    0.0176 |
  |    lfor   23       5   -0.0118   -0.0381   -0.0639   -0.0249    0.0119 |
  |    lfor   24       5   -0.0107   -0.0351   -0.0609   -0.0195    0.0068 |
  +------------------------------------------------------------------------+
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  .95861861  .01510456  .01687918  .00790913  .00148852
dlsales          4  .01067166  .96314292  .01295276  .01188373  .00134894
 dlperm          4  .02064424  .03117439  .92951381  .01687478  .00179277
  dlhpi          4  .01037073   .0245648  .00864406   .9420176  .01440282
   lfor          4  .01469592  .01246219   .0115678  .04707546  .91419864
  dlemp          8  .85246425  .07664914  .04644866  .02184008  .00259787
dlsales          8  .01327778  .95197615  .01723125  .01578598  .00172884
 dlperm          8  .02632689  .03385945  .91929472  .01765196  .00286698
  dlhpi          8  .01140552  .04151563  .01932087  .91264097  .01511701
   lfor          8  .02349303  .03284275  .04982265  .11531067   .7785309
  dlemp         12  .77710399   .1183572  .06783602  .03355088  .00315191
dlsales         12  .01585477  .93989877  .02142753  .01711146  .00570747
 dlperm         12  .02648253   .0335313  .91832645  .01803005  .00362967
  dlhpi         12  .01099527  .06056759  .03188813  .88242589  .01412311
   lfor         12  .02170726  .05272101  .09089692  .16273372  .67194108
  dlemp         16  .74622063  .12858555  .08670877  .03353845  .00494659
dlsales         16  .01602384  .93744823  .02226136  .01836581  .00590076
 dlperm         16  .02673476  .03406042  .91667681  .01863835  .00388966
  dlhpi         16  .01046575  .07635318  .04303886  .85417013  .01597208
   lfor         16  .02169175  .07334402  .13388789  .18284318  .58823317
  dlemp         20  .72571931  .13236207   .0997274  .03286027  .00933095
dlsales         20   .0161199  .93630592   .0225701  .01910623  .00589786
 dlperm         20  .02672208  .03411046  .91502145  .01998952   .0041565
  dlhpi         20  .01021398   .0812188  .05044737  .83544976   .0226701
   lfor         20  .02188386  .08943454  .17536202  .18722511  .52609447
  dlemp         24  .71417222  .13210958   .1049602  .03523563  .01352238
dlsales         24  .01613356  .93583268   .0226139  .01943745  .00598241
 dlperm         24  .02664795  .03443582  .91296807  .02157522  .00437293
  dlhpi         24  .01005549  .08264958  .05315768  .82199532  .03214194
   lfor         24  .02187999  .10032698  .20841105  .18301328   .4863687

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