Search: ECM
RBA Glossary definition for ECM
ECM – Error-correction ratio
Search Results
Empirical Results
31 Dec 2000
RDP
2000-09
4). Constant. 0.0466. (0.0213). 0.0545. (0.0158). 0.0384. (0.0226). 0.0502. (0.0182). ecm. ... 0.0541). ecm. t1. 0.0869. (0.0810). 0.5715. (0.2489). 0.3757. (0.1140). Δc. t1.
https://www.rba.gov.au/publications/rdp/2000/2000-09/empirical-results.html
Modelling the Real Exchange Rate
1 May 1996
RDP
9601
To derive the second time-series model for Australia's real exchange rate, we begin with an unrestricted error-correction model (ECM):. ... For each sample period, we use a general-to-specific modelling approach. We test sequentially larger sets of
https://www.rba.gov.au/publications/rdp/1996/9601/modelling-the-real-exchange-rate.html
Transitory and Persistent Income Inequality
31 Dec 2015
RDP
2015-15
We next use an error components model (ECM) to decompose residual income inequality. ... The ECM has been standard in the inequality literature since Gottschalk and Moffitt (1994).
https://www.rba.gov.au/publications/rdp/2015/2015-15/transitory-and-persistent-income-inequality.html
Estimating The Second Stage of Price Adjustment
1 Dec 1994
RDP
9407
c) In the ECM, statistics for differenced terms are distributed standard t; the distribution of the lagged levels is not known.
https://www.rba.gov.au/publications/rdp/1994/9407/estimating-second-adjustment.html
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A Behavioural Model of the Australian Long-Term Interest Rate
1 Nov 1996
RDP
9608
This is achieved by estimating an unrestricted ECM of the form:.
https://www.rba.gov.au/publications/rdp/1996/9608/behavioural-model-of-the-australian-long-term-interest-rate.html
Correlations, Error-Correction and the Adjustment of Institutional Interest Rates
1 Sep 1995
RDP
9506
The equilibrium relationship is conducted using a general-to-specific modelling procedure embedded in an ECM (Banerjee, Dolado, Galbraith and Hendry 1993). ... The cointegrating vector normalised on the money market interest rate is calculated from the
https://www.rba.gov.au/publications/rdp/1995/9506/correlations-error-correction-and-the-adjustment-of-institutional-interest-rates.html