منابع مشابه
Vector Rational Error Correction
Systems of forward-looking linear decision rules can be formulated as vector \rational" error correction models. The closed-form solution of the restricted error corrections is derived, and a full-information estimator is suggested. The error correction format indicates that the assumptions of convex adjustment costs and rational expectations impose di erent types of a priori restrictions on th...
متن کاملRational Error Correction
Under general conditions, linear decision rules of agents with rational expectations are equivalent to restricted error corrections. However, empirical rejections of rational expectation restrictions are the rule, rather than the exception, in macroeconomics. Rejections often are conditioned on the assumption that agents aim to smooth only the levels of actions or are subject to geometric rando...
متن کاملEarly Termination in Parametric Linear System Solving and Rational Function Vector Recovery with Error Correction
Consider solving a black box linear system, A(u)x = b(u), where the entries are polynomials in u over a field K, and A(u) is full rank. The solution, x = 1 д(u) f (u), where д is always the least common monic denominator, can be found by evaluating the system at distinct points ξl ∈ K. The solution can be recovered even if some evaluations are erroneous. In [Boyer and Kaltofen, Proc. SNC 2014] ...
متن کاملThe Relationship between Education and Health: Vector Error Correction Model (VECM)
Background & objectives: Despite the importance and impact of health and education on economic growth in countries, the causal relationship between education and health is important to policymaking. This study aimed to investigate the causality relationship between education and health in the short and long runs using the Vector Error Correction Model (VECM) in Iran. Method: This was an analyt...
متن کاملSurvey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)
This study investigated the dynamic relationship between money, prices and output in a multivariate structure of casualty analysis in Iran for the two period of 1969 to 2012 (entire period) and 1989 to 2012 (sub-period). This statistical framework has been projected for situations where causal links may have changed over the sample period. Results of a three-variable Vector Error Correction Mod...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 1999
ISSN: 0165-1889
DOI: 10.1016/s0165-1889(98)00075-x