Finite distributed lag models

In this chapter we focus on the dynamic nature of the economy, and the corresponding dynamic characteristics of economic data. We recognize that a change in the level of an explanatory variable may have behavioral implications beyond the time period in which it occurred. The consequences of economic decisions that result in changes in economic variables can last a long time.

43p koxih_kothogmih7 29-09-2020 9 1   Download

In this chapter we focus on the dynamic nature of the economy, and the corresponding dynamic characteristics of economic data. We recognize that a change in the level of an explanatory variable may have behavioral implications beyond the time period in which it occurred. The consequences of economic decisions that result in changes in economic variables can last a long time.

28p koxih_kothogmih7 29-09-2020 7 0   Download

In this chapter we focus on the dynamic nature of the economy, and the corresponding dynamic characteristics of economic data. We recognize that a change in the level of an explanatory variable may have behavioral implications beyond the time period in which it occurred. The consequences of economic decisions that result in changes in economic variables can last a long time.

43p koxih_kothogmih8 29-09-2020 10 0   Download