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RBA Glossary definition for ECM
ECM – Error-correction ratio
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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