Thread: econ question about predictions in intertemporal model?

To what extent do the signs and magnitudes of these estimated correlation coefficients are consistent with some of the predictions of the intertemporal model?

TB - trade balance, Y - GDP, C - consumption, G - government expenditure, I - investment, dy - growth rate of real GDP

CORRELATION COEFFICIENTS
Corr(TB/Y,dyt)-0.242
Corr(TB/Y,C/Y)-0.712
Corr(TB/Y,G/Y)0.254
Corr(TB/Y,I/Y)-0.196
Corr(TB/Y,dyt-1)-0.235
Corr(TB/Y,dyt+1)-0.038
Corr(TB/Y,Ct-1/Yt-1)-0.694

Corr(TB/Y,Ct+1/Yt+1)-0.682
Corr(TB/Y,Gt-1/Yt-1)0.329
Corr(TB/Y,Gt+1/Yt+1)0.151
Corr(TB/Y,It-1/Yt-1)-0.168
Corr(TB/Y,It+1/Yt+1)-0.205