Inflation, wages and money
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The preliminary results seem to confirm a greater relevance of postkeynesian than monetaristic approaches in the inflation field. Whereas prices are co-integrated, according to CRDW in a static regression, with wages, they are not co-integrated with money, therefore the association between money and prices in four-years period is lower than expected at first sight. One must mention that in the Czech Republic the term exogenous supply of money, has a special meaning.
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2008 ◽
Vol 56
(2)
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pp. 299-302
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1998 ◽
Vol 12
(1)
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pp. 7-24
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