Sentence examples for transitory component from inspiring English sources

As a matter of basic macroeconomics, the growth rate in any given year can be broken – or "decomposed," in statistical jargon – into a long-term trend and a transitory component.

The transitory component, in turn, captures the effects of the business cycle, both domestic and global, climatic factors (like whether the monsoon rains were better or worse than average), and anything else that represents a temporary deviation from the long-term trend, such as an unexplained worsening in consumer or investor confidence.

There can be up to 4 components: the permanent or trend (-cycle) component,1 the transitory component, the seasonal component, and the irregular component or error.

A difference-stationary process may originate in two ways: from an unobserved components process adding up an integrated trend and an orthogonal transitory component, or implicitly from an autoregressive process with roots on the unit circle.

Solon ([1992, 1999]) shows that if observed labor earnings can be measured as the sum of a permanent and a transitory component, i.e., y fit = y fi + v fit the father's earnings and y sit = y si + v sit for the son's earnings, the OLS regression of y sit on y fit yields inconsistent estimates of ρ.

The disadvantage of this estimator is, as once more shown by Solon ([1992]), that it has a negative asymptotic bias, also if there is only a non-zero variation in the transitory component of the second generation's labor earnings, the dependent variable in the regression approach.

For G7 countries, there exist country-specific permanent and transitory components.

Per capita consumption expenditure is a short-run measure of household economic standing and has transitory components over time.

Hence even though current income tends to have transitory components it is usually used as a proxy.

Hence even though current income tends to have transitory components it is often used as a proxy.

Realizations of the observed macroeconomic aggregates are explained in terms of unobserved equilibrium rates and unobserved transitory components.