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1–6 of 6 collapsed search results for ECM

RBA Glossary definition for ECM

ECM – Error-correction ratio

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Appendix 2: Design of the Empirical ECM

1 Nov 1995 RDP 9510
Gordon de Brouwer and Neil R. Ericsson
RDP 9510: Modelling Inflation in Australia Appendix 2: Design of the Empirical ECM. ... autoregressive distributed lag for the CPI is simplified to the ECM in (17).
https://www.rba.gov.au/publications/rdp/1995/9510/appendix-2.html

The Model's Properties

1 Nov 1995 RDP 9510
Gordon de Brouwer and Neil R. Ericsson
The small ECM coefficient in (17) implies a large coefficient (0.9109) on the lagged dependent variable p. ... The autoregressive distributed lag representation (20) emphasizes that the ECM (17) determines the level p.
https://www.rba.gov.au/publications/rdp/1995/9510/models-properties.html

Modelling Inflation in Australia

1 Nov 1995 RDP 9510
Gordon de Brouwer and Neil R. Ericsson
Research Discussion Paper – RDP 9510 Modelling Inflation in Australia. Gordon de Brouwer and Neil R. Ericsson. November 1995. 264. KB. The views expressed herein are those of the authors and do not necessarily reflect those of the Reserve Bank of
https://www.rba.gov.au/publications/rdp/1995/9510/

Appendix 3: An Alternative Model of the CPI

1 Nov 1995 RDP 9510
Gordon de Brouwer and Neil R. Ericsson
res. In the ECM (17), the output gap y. res. is included to capture the effect on inflation of deviations of output from potential. ... The specification in (A1) explains the data somewhat better than the ECM (17), but at the expense of slightly greater
https://www.rba.gov.au/publications/rdp/1995/9510/appendix-3.html

Conclusions

1 Nov 1995 RDP 9510
Gordon de Brouwer and Neil R. Ericsson
While it remains to be seen how the ECM will perform in the face of additional changes to the economy, continued low inflation through the 1990s appears to turn on sustained ... Justification for such inferences is founded on two counts. First, the
https://www.rba.gov.au/publications/rdp/1995/9510/conclusions.html

A Single Equation Model of Inflation

1 Nov 1995 RDP 9510
Gordon de Brouwer and Neil R. Ericsson
The ECM's relation to models in differences follows directly from (12) with c. ... Statistically, the ECM appears well-specified, with no rejections from the tests available.
https://www.rba.gov.au/publications/rdp/1995/9510/single-equation-model-of-inflation.html