Error correction mechanisms and short-run expectations.: An article from: Southern Economic Journal

This digital document is an article from Southern Economic Journal, published by Southern Economic Association on April 1, 1996. The length of the article is 6989 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Estimated error correction mechanisms (ECM) coefficients can lead to inaccurate short-run forecasts and erroneous econometric models when based on expected future variables such as consumption and income. The bias can be attributed to the use of inappropriate proxies for future consumption and income such as growth rates. The estimation inefficiency of ECM coefficients can be alleviated by thorough analysis of the economic factors behind the data from which the coefficients were derived.

Citation Details
Title: Error correction mechanisms and short-run expectations.
Author: Angelos A. Antzoulatos
Publication:Southern Economic Journal (Refereed)
Date: April 1, 1996
Publisher: Southern Economic Association
Volume: v62 Issue: n4 Page: p845(11)

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