'Long run equilibrium relationship' presentation slideshows

From Unit Root To Cointegration

From Unit Root To Cointegration. Putting Economics into Econometrics. Nelson and Plosser (1982) - Most macroeconomic Variables Are non Stationary. Economics - Many variables have stable relationships. Consumption - Income Prices - Wages Prices at Home - Prices Abroad.

751 views • 29 slides

371 views • 12 slides

Time Series and Neural Networks Comparison on Gold, Oil, and the Euro

Time Series and Neural Networks Comparison on Gold, Oil, and the Euro. A.G. Malliaris, Mary Malliaris Loyola University Chicago School of Business Administration. Overview. Gold, oil, and the euro are three very important economic markets

225 views • 12 slides

The error-correction model Consider the general ARDL(1,1) model

The error-correction model Consider the general ARDL(1,1) model. This can be written as:. This is the error-correction form of the model. The important features of the error-correction model are: 1. A relationship between the growth rate (or differences) of the

573 views • 9 slides