Moreover, the shift in the long-run equilibrium can be explained by differences in subprime originations across housing markets. We also find that short run price dynamics is driven by momentum in both segments of the market.doi:10.2139/ssrn.2722342Damianov, Damian S...
The industry is in long-run equilibrium when in addition to the equality of long-run supply of and demands for the industry’s product, all firms are in equilibrium and also there is neither a tendency for the new firms to enter the industry, nor for the existing firms to...
Moreover, the shift in the long-run equilibrium can be explained by differences in subprime originations across housing markets. We also find that short run price dynamics is driven by momentum in both segments of the market. This is a preview of subscription content, log in via an ...
The long run Phillips curve is vertical, because the tradeoff that exists between unemployment and inflation in the short run doesn't exist in the long run. After a short run deviation, prices adjust, and the curve moves back towards its long-run equilibrium as employers and employees adjust ...
measures the speed of adjustments towards equilibrium should have negative sign for convergence. From results it can be seen that error correction term is significant and has right sign (negative sign). This indicates convergence towards equilibrium level. Table9explained short run and long run ...
This indicates the speed of adjustment towards long-run equilibrium is much faster in the higher regime than in the lower regime. The asymmetric adjustment... 姚蕙芸 - 《臺北大學企業管理學系學位論文》 被引量: 3发表: 2010年 The Current Account, the Spot Exchange Rate and the Demand for Mone...
Relative convergence among the series \({x}_{it}\) is defined as the long-run equilibrium of their ratios: $$\underset{t\to \infty }{\mathrm{lim}}\frac{{x}_{it}}{{x}_{jt}}=\underset{t\to \infty }{\mathrm{lim}}\frac{{\theta }_{it}}{{\theta }_{jt}}=1 \mathrm\;{fo...
This paper presents a dynamic general equilibrium model that allows the distinct short-run and long-run effects of monetary policy to be explained. There are two main features of the model. The first is the consideration of a financial intermediary that must use money to meet legal reserve requ...
Neglect of the long-run effect could lead to significant economic welfare loss, so that it has important policy implications to shed light on the long-run impact. The main stream of the literature uses the cointegration tests to identify equilibrium, which is explained as a long-run impact. ...
摘要: In this paper we present a computable general equilibrium model (G-RDEM), specifically designed for the generation of long run scenarios of economic development关键词: Computable General Equilibrium models Long-run economic scenarios Structural change ...