Search: ECM
RBA Glossary definition for ECM
ECM – Error-correction ratio
Search Results
Exchange Rate Pass-through: The Different Responses of Importers and Exporters
30 Nov 2009
RDP
PDF
114KB
Nevertheless, the coefficient on the errorcorrection term is significant for both the P-H ECM and the UECM. ... b) The Short-Run Dynamics. An ECM was estimated using residuals of the P-H estimator.
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9304.pdf
The Demand for Money in Australia: New Tests on an Old Topic
30 Nov 2009
RDP
PDF
135KB
ECM estimatedincluding short-terminterest rate. Lim (1991) Real currency, realbank deposits andreal non-bankdeposits (GDPdeflator). ... ECM estimatedincluding bill rate. 7. Lim andDixon (1991). Real currency (GNEdeflator).
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9314.pdf
An Empirical Examination of the Fisher Effect in Australia
30 Nov 2009
RDP
PDF
96KB
The instruments used inthe results reported in Table 4 included the regressors of the ECM which were significant atthe 5% level. ... two step method and the ECM equations reported in Table 3 using similarMonte Carlo simulations to those used in Table A1.
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9410.pdf
Explaining Import Price Inflation: A Recent History of Second Stage Pass-through
30 Nov 2009
RDP
PDF
105KB
b) In the ECM, t-statistics for differenced terms are distributed standard t; thedistribution of the coefficient on p t( ) 1 lies somewhere between theDickey-Fuller and N(0, 1) distributions; ... c) In the ECM, statistics for differenced terms are
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9407.pdf
A Re-examination of the Determinants of Australia’s Imports
30 Nov 2009
RDP
PDF
69KB
For the sake ofbrevity, long-run constants are not reported.) The existence of cointegration wastested by examining the significance of the error correcting terms in the P-H errorcorrection model (ECM). ... Standard errors of the ECM were corrected
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9312.pdf
Results
31 Dec 2007
RDP
2007-09
To allow for the potential non-stationarity of the series, error-correction models (ECMs) of the following form are estimated:. ... Table 2: Investment ECM – Narrow Specification. Equipment (1). 1974–2006. Building (2).
https://www.rba.gov.au/publications/rdp/2007/2007-09/results.html
Private Business Investment in Australia
27 Sep 2007
RDP
PDF
466KB
To allow for the potential non-stationarity of the series, error-correction models (ECMs) of the following form are estimated:. ... Table 5: Engineering ECM – Broad Specification Parsimonious. model (1) With RER (2) With Q (3) General (4).
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-09.pdf
Empirical Assessment
31 Dec 2006
RDP
2006-07
From the ECM estimations, reported in Table 1, the following observations can be made:. ... 0.96. 0.37. 0.39. Notes: ECM(1) indicates lagged error term from level equation.
https://www.rba.gov.au/publications/rdp/2006/2006-07/empirical-assessment.html
Modelling Strategy and Results
31 Dec 2005
RDP
2005-12
The Error Correction Model (ECM) specification can be derived from this static capital demand equation. ... The first model (EC1) is the standard ECM without cash flow in the formulation.
https://www.rba.gov.au/publications/rdp/2005/2005-12/modelling-strategy-results.html
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Appendix C: Supplementary Results and Robustness
31 Dec 2004
RDP
2004-01
represent significance at 5 and 10 per cent levels. Standard errors on the long-run variables in the ECMs are calculated using a Bewley Transformation. ... Table C2: Supplementary ECM Results for Voluntary Saving Equations. Long-run coefficients only,
https://www.rba.gov.au/publications/rdp/2004/2004-01/appendix-c.html
See 1 more results from "RDP 2004-01"