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对《时间序列回归中分离需求与供给的一种被忽视方法》评论的回复AI 解读

Stephen E. Haynes, Joe A. Stone, [Comment on "A Neglected Method of Separating Demand and Supply in Time Series Regression," by Stephen E. Haynes and Joe A. Stone]: Reply, Journal of Business & Economic Statistics, Vol. 6, No. 1 (Jan., 1988), pp. 138-140

时间序列回归中一种被忽视的供需分离方法AI 解读

This article argues that in many markets, quantity is demand determined in the short run but price is supply determined, and that the dynamic restrictions between price and quantity implied by the model have been widely neglected in empirical research. Two examples illustrate our point—the demand and supply relationships between inflation and unemployment and between the terms of trade and the trade balance. In both, specifying quantity as a function of lagged prices in…

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