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11–20 of 83 search results for ECM

RBA Glossary definition for ECM

ECM – Error-correction ratio

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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

A Forward Looking Model Of The Australian Dollar

12 Dec 2018 Bulletin - December 2018 PDF 540KB
https://www.rba.gov.au/publications/bulletin/2018/dec/pdf/a-forward-looking-model-of-the-australian-dollar.pdf

Transcript of Question & Answer Session on 23 October 2018

23 Oct 2018 Speech
Guy Debelle
Transcript of Question & Answer Session , Sydney
https://www.rba.gov.au/speeches/2018/sp-dg-2018-10-23-q-and-a-transcript.html

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

Reduced-form Model

6 May 2018 RDP 2018-05
Jonathan Hambur and Gianni La Cava
This model can be re-parameterised as an error correction model (ECM), which allows for easy identification of the long- and short-run dynamics:. ... While this should not introduce any estimation issues, the model is no longer an ECM as gross investment
https://www.rba.gov.au/publications/rdp/2018/2018-05/reduced-form-model.html
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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

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

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

Introduction

1 Jul 2016 RDP 2016-05
Christian Gillitzer and Angus Moore
Our findings of highly persistent deviations from the law of one price imply a very slow speed of adjustment in aggregate error correction models (ECMs) of import prices. ... the ECM they use imposes the law of one price, first-stage pass-through is
https://www.rba.gov.au/publications/rdp/2016/2016-05/introduction.html
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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