Search: ECM

Sort by: Relevance Date
11–20 of 73 search results for ECM

RBA Glossary definition for ECM

ECM – Error-correction ratio

Search Results

A Perspective

12 Feb 2007 Conferences PDF 30KB
RBA Conference Volume 1993
https://www.rba.gov.au/publications/confs/1993/pdf/pagan.pdf

MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

1 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
In all the ECM equations, the symbol. γ. is the speed of adjustment parameter and error. ... We model dwelling investment using an ECM with consumption, real mortgage interest rates and the relative price of dwelling investment.
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
See 2 more results from "RDP 2019-07"

Results

31 Dec 2007 RDP 2007-09
Lynne Cockerell and Steven Pennings
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

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
See 2 more results from "RDP 2016-05"

The Impact of Superannuation on Household Saving

3 Mar 2004 RDP PDF 151KB
20. Table 3: ECM Results for Saving Equations – Long-run CoefficientsSample: 1966/67–2001/02. ... Standard errors on the long-run variables in the ECMs are calculated using a Bewley-Transformation andare Newey-West corrected for heteroskedasticity.
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-01.pdf

Empirical Assessment

31 Dec 2006 RDP 2006-07
Paul Hiebert
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

A Perspective | Conference – 1993

12 Jul 1993 Conferences
Adrian Pagan
If the ECM term is included, the BWFH model actually has a much lower bias in forecasts than the random walk model, although it exhibits a slightly larger standard deviation. ... Another possibility would be to introduce a non-linear function of the
https://www.rba.gov.au/publications/confs/1993/pagan.html

Household Saving and Asset Valuations in Selected Industrialised Countries

2 Dec 2009 RDP PDF 212KB
12. The associated short-term specification of the ECM is:. st = α1ECMt1α2yt α3pteqα3pt. ... From the ECM estimations, reported in Table 1, the following observations can bemade:. •
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-07.pdf

Exchange Rates and Fundamentals: A Generalization

3 Dec 2007 Research Workshop PDF 323KB
Reserve Bank of Australia Workshop 2007: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2007/nason.pdf

Appendix 3: Results

1 Dec 1993 RDP 9312
Jacqueline Dwyer and Christopher Kent
correction model (ECM). ... Standard errors of the ECM were corrected for hetroscedasticity and autocorrelation where necessary.
https://www.rba.gov.au/publications/rdp/1993/9312/appendix-3.html