표 1 Result of unit root test

	ADF
	Level	Difference
KB3	-1.38	-10.42***
LG	-3.58***	-
P*	-4.65***	-
P	-1.53	-10.27***
IIP	-1.026	-17.23***
RSI	0.24	-12.26***
AP	-2.87	-4.87***

주 : 1) 는 10%,
는 5%,
는 1%의 유의수준에서 귀무가설이 기각됨을 표시함.
2) KB3, Korea government 3-year bond; LG, liqudity gap; ADF, augmented Dickey-Fuller test; IIP, index of all industry production; RSI, retail sales index; AP, arpartments price.