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      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/Standardized_IRF_compari
> sons_Appendix.txt
  log type:  text
 opened on:   8 May 2011, 18:38:32

. 
. display _newline "A one standard deviation shock in the Helmert de-meaned " /*
>         */ _newline "HPI growth rate = " %7.4f = `dlhpi_shock' " " _newline(2) /*
>         */ "A one standard deviation shock in the Helmert de-meaned " /* 
>         */ _newline "foreclosure start rate = " %7.4f = `lfor_shock' /*
>         */ ", which translates into a " %7.4f = `fstart_shock' " " _newline /*
>         */ "percentage point shock in foreclosure starts." _newline _newline /*
>         */ "One standard deviation of h_dlhpi in our sample = " %7.4f = `dlhpi' " " _newline /*
>         */ "One standard deviation of h_lfor in our sample = " %7.4f = `lfor' " " _newline _newlin
> e /*
>         */ "The cumulative (24 lag) standardized response of foreclosures to a price " /*
>         */ "shock = " %7.4f = `f2p' " " _newline /*
>         */ "At `smin' lags the standardized effect = " %7.4f = `fp' _newline _newline /*
>         */ "The cumulative (24 lag) standrized response of prices to a " /*
>         */ "foreclosure shock = " %7.4f = `p2f' " " _newline /*
>         */ "At `smin' lags the standardized effect is " %7.4f = `pf' _newline _newline /*
>         */ "The cumulative standardized Foreclosure Response / Price Response " /*
>         */ " = " %7.4f = `f2p' / `p2f' " " _newline /*
>         */ "At `smin' lags the standardized ratio is " %7.4f = `fp' / `pf' 

A one standard deviation shock in the Helmert de-meaned 
HPI growth rate =  0.0096 

A one standard deviation shock in the Helmert de-meaned 
foreclosure start rate =  0.1334, which translates into a  0.1427 
percentage point shock in foreclosure starts.

One standard deviation of h_dlhpi in our sample =  0.0155 
One standard deviation of h_lfor in our sample =  0.5992 

The cumulative (24 lag) standardized response of foreclosures to a price shock = -2.5641 
At 1 lags the standardized effect = -0.0269

The cumulative (24 lag) standrized response of prices to a foreclosure shock =  1.4380 
At 1 lags the standardized effect is -0.0376

The cumulative standardized Foreclosure Response / Price Response  = -1.7831 
At 1 lags the standardized ratio is  0.7145

. 
. 
. ************************************************************
. ** The table below shows the cumulative (6-year) responses 
. ** of the row variable to a one standard deviation shock in 
. ** the column variable, except for the last two columns, which
. ** give the 2-year and 3-year cumulative responses.  
. 
. tabstat dlemp_c24 dlsales_c24 dlperm_c24 dlhpi_c24 lfor_c24     ///
>         dlhpi_c07 lfor_c11 , stat(mean) by(order) nototal

Summary statistics: mean
  by categories of: order 

  order |  dlemp~24  dlsal~24  dlper~24  dlhpi~24  lfor_c24  dlhpi~07  lfor_c11
--------+----------------------------------------------------------------------
  dlemp |  .0153632  .0121591  .0125425  .0073174  .0034141         .         .
dlsales | -.0018563  .0769561 -.0016866  .0165386  .0462935         .         .
 dlperm |  .0059622  .0661693  .1874187  .0104192  .0136892         .         .
  dlhpi |  .0060874   .031774  .0145336  .0603181  .0224719         .  .0014376
   lfor | -.3754409 -1.058284 -1.202268 -1.483184  1.701703 -.3278923         .
-------------------------------------------------------------------------------

. **
. *************************************************************
. 
. log close
      name:  <unnamed>
       log:  C:\Users\Stan\Documents\Stata\Foreclosures\Paper/v5/Robustness/Standardized_IRF_compari
> sons_Appendix.txt
  log type:  text
 closed on:   8 May 2011, 18:38:32
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