fjdata

A data set of 126 monthly observations of the housing market from June 1959 to November 1969. The variables are$T$: Time. A continuous values time variable
$\sum_{i=1}^{t-1}HS_i$: Stock of houses. A sum of housing starts over all previous periods. Assuming initial stock is 0.
$RM_{t-2}$: Mortgage rate lagged by two months.
$DF6_{t-1}$: A six month moving average of $DF_t$. $DF_t$ is the flow of private deposits into savings and loan associations (SLA) and mutual savings banks during period $t$.
$DHF3_{t-2}$: The flow of borrowings by the SLAs from the federal home-loan bank during month t.
$RM_{t-1}$: Mortgage rate lagged by one month.

datasets

Estimate, summarize, and perform predictions with the market in
disequilibrium model, as found in Gourieroux, C. (2000) <doi:10.1017/CBO9780511805608> and
Maddala, G. (1983) <doi:10.1017/CBO9780511810176>. The parameters are estimated with maximum likelihood.

Nate Latshaw

Disequilibrium

Disequilibrium Models

Michael Guggisberg

Institute for Defense Analyses 

fjdata function

An object of class <code>data.frame</code> with 127 rows and 8 columns.

fjdata: Data from Fair and Jaffee (1972).

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