'Short run model' diaporamas de présentation

Summary

Summary. The long-run model determines potential output and the long-run rate of inflation. The short-run model determines current output and current inflation. In any given year, output consists of two components: The long-run potential output Short-run output. Short run output

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Slide 2

Slide 2. After Exam 1. Distribution of Exam 1 Score. A Lecture From Mr. Romney. http://www.youtube.com/watch?v=eur8rYBotxg. US Trade Balance (Deficit if Negative). Facts. Data from http://www.census.gov/foreign-trade/statistics/historical/# US had no trade deficit before 1980

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ECO 3311 Ch 7: Overview of the Short Run

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Short-run models and Error Correction Mechanisms

Short-run models and Error Correction Mechanisms. Professor Bill Mitchell Director, Centre of Full Employment and Equity Department of Economics University of Newcastle Australia. Objectives. To introduce the concept of a short-run model in economics.

538 views • 27 slides

Cointegration in Single Equations: Lecture 7

Cointegration in Single Equations: Lecture 7. Previously introduced cointegration - evidence of long-run or equilibrium relationships With cointegration the residuals from a regression are stationary. Tested informally and formally for cointegration Formal Tests include

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New Way to Depict Long Run Growth and Inflation A. Read 715 and follow Fig. 31-5

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