Estimating a FDL(4) Model
Posted: Sun Sep 23, 2012 2:21 am
Hi guys, attached is the eviews file. The 4 series are defined as follows:
cpi_t Consumer Price Index
gdp_t Quarterly Australian GDP in current prices, $million
hpi_t House Price Index, weighted average for the 8 capital cities
mort_r_t Average nominal bank mortgage rate, %
Each of the series contains quarterly data series from Dec 1987 to Dec 2008.
Now I want to estimate a FDL(4) model of ln(hpi_t/cpi_t) on mort_r_t. My question is, after I run the regression, is every time period in quarters of a year? Ie, if I define the first observation in the series mort_r_t to be t = 0, then would t = 0 to t=1 be a quarter of a year? that is, t = 0 is 1987 Q4 and t = 1 is 1988 Q1, so 3 months has passed?
Or is it that each time period is always a year apart?
Thanks!
cpi_t Consumer Price Index
gdp_t Quarterly Australian GDP in current prices, $million
hpi_t House Price Index, weighted average for the 8 capital cities
mort_r_t Average nominal bank mortgage rate, %
Each of the series contains quarterly data series from Dec 1987 to Dec 2008.
Now I want to estimate a FDL(4) model of ln(hpi_t/cpi_t) on mort_r_t. My question is, after I run the regression, is every time period in quarters of a year? Ie, if I define the first observation in the series mort_r_t to be t = 0, then would t = 0 to t=1 be a quarter of a year? that is, t = 0 is 1987 Q4 and t = 1 is 1988 Q1, so 3 months has passed?
Or is it that each time period is always a year apart?
Thanks!