endogenous variable

Our results are interpreted as percentage point change on the endogenous variables.

The lagged endogenous variable is significant and has a positive sign.

To find the reduced form, one must solve the equations for the endogenous variables.

Let y be a column vector of M endogenous variables.

In our example above, the endogenous variable is LM1.

In most real models, the endogenous variables are also affected by factors outside the model (including measurement error).

First, enter the name of the endogenous variable.

These saw labour as an endogenous variable (i.e. to be explained by the model rather than taken as a given).

Note that both endogenous variables depend on the exogenous variable Z.

Add endogenous variables U and the following constraints.

As well, some parameters are left free, so that the model can be calibrated to replicate the endogenous variables for a base year.

The quantity of money is an endogenous variable, but it nevertheless plays an active role in the transmission mechanism.

For example, suppose the equilibrium value of some endogenous variable is determined by the following equation:

Population is the endogenous variable affecting wages.

Of course there are always as many endogenous variables as there are equations.

The notion of complementarity between exogenous and endogenous variables is formally captured by single crossing differences.

However, our results are applicable to a variety of situations where process switching depends on the motion of a key endogenous variable.

Endogenous variables were easy, you simply provided their present-day values and the model ran with them to estimate their future values.

The passive-money view treats the money supply as an endogenous variable that plays no role in that mechanism.

In this case, the behaviour of the endogenous variable is affected by the agents' expectations about both the occurence and the size of the jump.

Again, each endogenous variable depends on each exogenous variable.

He also proposed an econometric model for censored endogenous variables, the well-known "Tobit model".

The two endogenous variables are the traded quantity Q and the price P, defined by the two equations of the system.

In principle all the exogenous variables can be changed simultaneously, and the model solved for the new equilibrium values of the endogenous variables.

The structural equations for the remaining endogenous variables Y are not specified, and they are given in their reduced form: