Questions from General Economics

Q: Use the data set CONSUMP for this exercise. (i

Use the data set CONSUMP for this exercise. (i) Estimate a simple regression model relating the growth in real per capita consumption (of nondurables and services) to the growth in real per capita dis...

Q: Use the data in FERTIL3 for this exercise. (i

Use the data in FERTIL3 for this exercise. (i) Add pet23 and pet24 to equation (10.19). Test for joint significance of these lags. (ii) Find the estimated long-run propensity and its standard error in...

Q: Use the data in VOLAT for this exercise. The variable rsp500

Use the data in VOLAT for this exercise. The variable rsp500 is the monthly return on the Standard & Poor’s 500 stock market index, at an annual rate. (This includes price change...

Q: Consider the model estimated in (10.15); use the

Consider the model estimated in (10.15); use the data in INTDEF. (i) Find the correlation between inf and def over this sample period and comment. (ii) Add a single lag of inf and def to the equation...

Q: The file TRAFFIC2 contains 108 monthly observations on automobile accidents, traffic

The file TRAFFIC2 contains 108 monthly observations on automobile accidents, traffic laws, and some other variables for California from January 1981 through December 1989. Use this data set to answer...

Q: (i) Estimate equation (10.2) using all

(i) Estimate equation (10.2) using all the data in PHILLIPS and report the results in the usual form. How many observations do you have now? (ii) Compare the estimates from part (i) with those in equa...

Q: Use the data in MINWAGE for this exercise. In particular,

Use the data in MINWAGE for this exercise. In particular, use the employment and wage series for sector 232 (Men’s and Boys’ Furnishings). The variable gwage232 is the monthly growth (change in logs)...

Q: Use the data in APPROVAL to answer the following questions. The

Use the data in APPROVAL to answer the following questions. The data set consists of 78 months of data during the presidency of George W. Bush. (The data end in July 2007, before Bush left office.) In...

Q: In the linear model given in equation (10.8),

In the linear model given in equation (10.8), the explanatory variables xt = (xt1,…., xtk ) are said to be sequentially exogenous (sometimes called weakly exogenous) if so that the...

Q: Decide if you agree or disagree with each of the following statements

Decide if you agree or disagree with each of the following statements and give a brief explanation of your decision: (i) Like cross-sectional observations, we can assume that most time series observat...