Report - Slides to Lecture 3 of Introductory Dynamic Macroeconomics.folk.uio.no/rnymoen/ECON3410_h08_lect3h08.pdf · The ECM ∆yt= β0 + β1∆xt+(β1 + β2)xt−1 +(α−1)yt−1 + εt (4)

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