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Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501 Exercise 9
Consider the ADL model is strictly exogenous.
a. Derive the impact effect of X on Y.
b. Derive the first five dynamic multipliers..
c. Derive the first five cumulative multipliers..
d. Derive the long-run cumulative dynamic multiplier.
a. Derive the impact effect of X on Y.
b. Derive the first five dynamic multipliers..
c. Derive the first five cumulative multipliers..
d. Derive the long-run cumulative dynamic multiplier.
Explanation
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b) Let t + 1 be the next period then 
As...
Introduction to Econometrics 3rd Edition by James Stock, James Stock
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