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RBA Glossary definition for ECM

ECM – Error-correction ratio

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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

External Review - RBA Economic Group Forecasts and Analysis

4 Apr 2016 Speech PDF 722KB
One also needs to note that ADL equations would need to be given an ECM form since they will not produce rules that would converge to a long-run path.
https://www.rba.gov.au/speeches/2016/pdf/sp-ag-2016-04-06-external-forecast-review-final-report.pdf