lagged relationship

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 Ct = consumption in present period, Yt - 1 = income in the previous period. See also LEADS AND LAGS, COBWEB THEOREM.

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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
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11: biases
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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.
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The elderly and waterborne Cryptosporidium infection: gastroenteritis hospitalizations before and during the 1993 Milwaukee outbreak. (Research)
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Business inventories and trade: the case of Japanese and German trade influence on America
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?

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