Kugler, Peter (contributor); Kaufmann, Sylvia (contributor) - 2005
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accelerating average rate of inflation of 2%.
September 19, 2005
5
Does Money Matter for Inflation …,
however, an M3-growth rate of slightly above 5% is compatible with a non-accelerating
average rate of inflation of 2 … the analysis: prices and money
appear to be I(2) and cointegrated in their growth rates, the short term and the long term …