Search: ECM
RBA Glossary definition for ECM
ECM – Error-correction ratio
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
PDF
1571KB
theory.3 Most of the model’s estimated equations are error correction models (ECMs).4 This. ... We model dwelling investment using an ECM with consumption, real mortgage interest rates and.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data
27 Apr 2018
RDP
PDF
1257KB
and economy-wide changes in the relative price of capital goods. This model can be re-parameterised as an error correction model (ECM), which allows for easy. ... While this. should not introduce any estimation issues, the model is no longer an ECM as
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-05.pdf
Household Economic Inequality in Australia
25 Oct 2017
RDP
PDF
4842KB
27. 5.1 Error Components Model. We next use an error components model (ECM) to decompose residual incomeinequality. ... The ECM has been standard in the inequality literature sinceGottschalk and Moffitt (1994).
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-15.pdf
Trade Invoicing Currency and First-stage Exchange Rate Pass-through
21 Jun 2016
RDP
PDF
1136KB
aggregate error correction models (ECMs) of import prices. Third, we show that invoicing currency. ... Our results imply. that the speed of adjustment in an ECM framework for exchange rate changes to import prices.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-05.pdf
Modelling the Australian Dollar
1 Oct 2015
RDP
PDF
1421KB
With this purpose in mind, the paper also discusses several extensions to the ECM. ... 3. The Baseline ECM. The baseline ECM is specified to address the following question:.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-12.pdf
A State-space Approach to Australian GDP Measurement
4 Feb 2015
RDP
PDF
904KB
Research Discussion Paper. A State-space Approach to Australian GDP Measurement. Daniel Rees, David Lancaster and Richard Finlay. RDP 2014-12. The Discussion Paper series is intended to make the results of the current economic research within the
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-12.pdf
An Analysis of the Determinants of Imports
19 Nov 2012
RDP
PDF
966KB
Finally, the full error correction models (ECM) are estimated. Initially four lags of each of the differenced explanators are included, and then the. ... These quite different paths to the new equilibrium in response to a demand shock can be explained by
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8910.pdf
The Future of Inflation Targeting: Proceedings of a Conference
18 Apr 2012
Conferences
PDF
1390KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/conf-vol-2004.pdf
Inflation in an Era of Relative Price Shocks: Proceedings of a Conference
12 May 2010
Conferences
PDF
2491KB
RBA Conference Volume 2009
https://www.rba.gov.au/publications/confs/2009/pdf/conf-vol-2009.pdf
Discussion of Determinants of Agricultural and Mineral Commodity Prices
10 May 2010
Conferences
PDF
186KB
RBA Conference Volume 2009
https://www.rba.gov.au/publications/confs/2009/pdf/frankel-rose-disc.pdf