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Common Persistent Factors in Inflation and Excess Nominal Money Growth and a New Measure of Core Inflation
Morana, Claudio
- In:
Studies in Nonlinear Dynamics & Econometrics
6
(
2002
)
3
In this paper we introduce a new common long memory factor model. The model allows to estimate the common persistent component in fractionally cointegrated processes. We find evidence of cobreaking and fractional cointegration in excess nominal money growth and inflation in the euro area, and...
Persistent link: https://www.econbiz.de/10014620861
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Erratum
Morana, Claudio
- In:
Studies in Nonlinear Dynamics & Econometrics
6
(
2003
)
3
This note corrects some typographical errors in my earlier manuscript.
Persistent link: https://www.econbiz.de/10014620886
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