  
\begin{table}
\caption{ Consumption Dynamics---Groups of Countries (Simple Averages) \label{tAllCG}}
\begin{center}
$\Delta\log\mathbf{C}_{t}=\varsigma+\chi\mathbf{E}_{t-2}[\Delta\log\mathbf{C}_{t-1}]+\eta\mathbf{E}_{t-2}[\Delta\log\mathbf{Y}_{t}]+\alpha \mathbf{E}_{t-2}[A_{t-1}]$ 
\begin{tabular}{@{}ld{4}d{4}d{5}d{4}d{4}d{5}@{}}
\toprule
   &   \multicolumn{3}{c}{Estimation with } & \multicolumn{3}{c}{Estimation with }\\
   &   \multicolumn{3}{c}{one regressor only} & \multicolumn{3}{c}{all three regressors}\\
 \cmidrule(r){2-4} \cmidrule(l){5-7} 
 Country & \multicolumn{1}{c}{$\chi$}  & \multicolumn{1}{c}{$\eta$}  &  \multicolumn{1}{c}{$\alpha$} & \multicolumn{1}{c}{$\chi$}  & \multicolumn{1}{c}{$\eta$}  &  \multicolumn{1}{c}{$\alpha$}\\
\midrule 
All Countries  & 0.73^{ ***}  & 0.38^{ **}  & 0.19^{ }  & 0.63^{ **}  & 0.14^{ }  & -0.03^{ }\\
 & (0.18)  &  (0.18)  &  (0.19)  &  (0.25)  &  (0.21)  &  (0.16)\\
G7 Countries  & 0.67^{ ***}  & 0.36^{ ***}  & 0.08^{ }  & 0.55^{ **}  & 0.19^{ }  & -0.01^{ }\\
 & (0.18)  &  (0.11)  &  (0.19)  &  (0.23)  &  (0.14)  &  (0.12) \\
Anglo--Saxon  & 0.73^{ ***}  & 0.27^{ **}  & 0.24^{ }  & 0.68^{ ***}  & 0.04^{ }  & 0.04^{ }\\
 & (0.16)  &  (0.11)  &  (0.18)  &  (0.22)  &  (0.14)  &  (0.12)\\
Euro Area  & 0.69^{ ***}  & 0.43^{ **}  & 0.19^{ }  & 0.54^{ **}  & 0.15^{ }  & -0.01^{ }\\
 & (0.18)  &  (0.20)  &  (0.18)  &  (0.27)  &  (0.22)  &  (0.13) \\
European Union  & 0.73^{ ***}  & 0.39^{ *}  & 0.18^{ }  & 0.65^{ **}  & 0.15^{ }  & -0.06^{ }\\
 & (0.18)  &  (0.20)  &  (0.20)  &  (0.26)  &  (0.23)  &  (0.17) \\
\bottomrule
\end{tabular}
\end{center}
 Instruments: \footnotesize\texttt{L(2/4).un L(2/4).lr L(2/4).pceinfvol L(2/4).sent }\\\showEstTime{Estimated: 23 Feb 2008, 15:48:05}\\
 {\footnotesize Notes: Left Panel: Regressions were estimated with one regressor only. Right Panel: Regressions were estimated with all three regressors. Robust standard errors are in parentheses. $\{{}^*,{}^{**},{}^{***}\}={}$Statistical significance at $\{10,5,1\}$ percent.\\ All countries: Canada, France, Germany, Italy, the United Kingdom, the United States, Australia, Belgium, Denmark, Finland, the Netherlands, Spain, Sweden. G7 countries: Canada, France, Germany, Italy, the United Kingdom, the United States. Anglo--Saxon Countries: Australia, Canada,  the United Kingdom,  the United States. Euro Area Countries: France, Germany, Italy, Belgium, Finland, the Netherlands, Spain. European Union: France, Germany, Italy, the United Kingdom, Belgium, Denmark, Finland, the Netherlands, Spain, Sweden.}
\end{table} 
