class12-642-08

class12-642-08 - Econ 642, Wednesday May 7, class 12 Econ...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Econ 642, Wednesday May 7, class 12 Econ 642, Wednesday May 7, class 12 Robert de Jong 1 1 Department of Economics Ohio State University Robert de Jong Econ 642, Wednesday May 7, class 12 Econ 642, Wednesday May 7, class 12 Static model: y t = + 1 z t + u t e.g. Phillips curve: inf t = + 1 unem t + u t Finite distributed lag models y t = + z t + 1 z t- 1 + 2 z t- 2 + u t impact multiplier long-run multiplier + 1 + 2 Robert de Jong Econ 642, Wednesday May 7, class 12 Econ 642, Wednesday May 7, class 12 Example 10.4: personal tax exemption and fertility rates y is general fertility rate pe is the average real dollar value of tax exemption ww 2 is a world war 2 dummy pill is 1 after the birth control pill was available (1963 onwards) Robert de Jong Econ 642, Wednesday May 7, class 12 Econ 642, Wednesday May 7, class 12 Trends and seasonality Figure 10.2 and 10.3: linear time trend and exponential trend Example 10.7 Housing investment, prices, and linear time trend Robert de Jong Econ 642, Wednesday May 7, class 12 Econ 642, Wednesday May 7, class 12...
View Full Document

Page1 / 12

class12-642-08 - Econ 642, Wednesday May 7, class 12 Econ...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online