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RBA Glossary definition for ECM

ECM – Error-correction ratio

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Appendix 2: Test Procedures

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
The loading vectors may be interpreted analogously to the coefficient on the error-correction variable in the ECM of Engle and Granger (1987).
https://www.rba.gov.au/publications/rdp/1993/9314/appendix-2.html
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Why Does the Australian Dollar Move so Closely with the Terms of Trade?

1 Dec 2009 RDP PDF 203KB
q tott t t= >λ ε λ. , 0 (6). To derive the second time-series model for Australia’s real exchange rate, we beginwith an unrestricted error-correction model (ECM):.
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9601.pdf

Meet MARTIN, the RBA's new macroeconomic model

15 Mar 2018 Bulletin – March 2018
Tom Cusbert and Elizabeth Kendall
AUD ECM: Hambur J, L Cockerell, C Potter, P Smith and M Wright (2015), ‘Modelling the Australian Dollar’, RBA Research Discussion Paper No 2015-12. ... Exports ECM: Cole D and S Nightingale (2016), ‘Sensitivity of Australian Trade to the Exchange
https://www.rba.gov.au/publications/bulletin/2018/mar/meet-martin-the-rbas-new-macroeconomic-model.html

A Forward-looking Model of the Australian Dollar

13 Dec 2018 Bulletin – December 2018
Blair Chapman, Jarkko Jääskelä and Emma Smith
The exchange rate is an important mechanism that helps the economy adjust to external shocks.
https://www.rba.gov.au/publications/bulletin/2018/dec/a-forward-looking-model-of-the-australian-dollar.html

Being Unreserved: About the Reserve Bank Archives

12 Dec 2019 Bulletin – December 2019
Virginia MacDonald and Jacqui Dwyer
The Reserve Bank of Australia has a unique and rich archives.
https://www.rba.gov.au/publications/bulletin/2019/dec/being-unreserved-about-the-reserve-bank-archives.html

Empirical Results

31 Dec 2000 RDP 2000-09
Alvin Tan and Graham Voss
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
David Gruen and Tro Kortian
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
Rosetta Dollman, Greg Kaplan, Gianni La Cava and Tahlee Stone
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
Jacqueline Dwyer and Ricky Lam
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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Meet Martin The Rbas New Macroeconomic Model

17 Sep 2018 Bulletin - March 2018 PDF 366KB
https://www.rba.gov.au/publications/bulletin/2018/mar/pdf/meet-martin-the-rbas-new-macroeconomic-model.pdf