lagged relationship

the relationship between two or more VARIABLES in different time periods. For example, the current value of a variable like consumption expenditure will depend upon income in the previous time period. Time is denoted by the letter t, with t - t being one period back and t + I being one period forward. Such a relationship between income and consumption can be written in the notational form:

where C_t = consumption in present period, Y_t - 1 = income in the previous period. See also LEADS AND LAGS, COBWEB THEOREM.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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leads and lags

References in periodicals archive ?

This is because of the lagged relationship between prices and energy consumption following the oil shocks of the 1970s.

A brief history of the role of energy in the global economy

These models were then used to estimate a lagged relationship and investigated whether the relationship between AMI hospitalizations and unemployment may have changed during the study period.

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Mueller indicates the forecasts are based on the supply/demand relationship, and he states, "Real estate markets are cyclical due to the lagged relationship between demand and supply for physical space." (2) Mueller's forecasts, however, did not succeed at predicting the real estate crash that occurred in 2008.

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The magnitude of this lagged relationship increased sharply at heat indices between approximately 95[degrees]F and 100[degrees]F.

Summer heat and mortality in New York City: how hot is too hot?

As a result, for hedge funds with credit sensitivity, the lagged relationship with the S&P 500 index is significant while for non-credit sensitive strategies, the lagged relationship is not significant.

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However, the lagged relationship between economic recovery and the property market will mean rental levels will probably remain soft for some time to come.

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In view of all these factors that are likely to conceal or eliminate the contemporaneous relation between budget deficits and inflation, this article analyzes the lagged relationship between budget deficits and inflation.

Budget deficits and inflation: the roles of central bank independence and financial market development

To visualize the lagged relationship between exposure and gastrointestinal illness, we produced the temporal exposure response surface (TERS), which reflected the changes in lagged daily rates of gastroenteritis associated with changes in turbidity.

The elderly and waterborne Cryptosporidium infection: gastroenteritis hospitalizations before and during the 1993 Milwaukee outbreak. (Research)

The possible existence of a lagged relationship was also examined, both via the Granger tests and through the application of various simple and polynomial-distributed lags.

The Phillips Curve and the Federal Reserve: Were the 1999-2000 Interest Rate Hikes Really Necessary?

There appears to be a lagged relationship between enrollment and changes in the tuition ratio.

Out-of-state tuition rates and enrollment patterns

The evidence also suggests that previous findings of a lagged relationship are spurious artifacts of an a priori denial of the possibility of a contemporaneous relationship.