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Persistent link: https://www.econbiz.de/10005071823
Besides the theoretical (Alchian/Klein, 1973) case for including asset prices in measures of inflation, there is also a practical case, that some asset prices, notably housing, are closely associated with the main trends in inflation, and via "bubbles and busts" with output disturbances....
Persistent link: https://www.econbiz.de/10005072015
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