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) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …-specific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it generally does … not encompass country-specific money overhang measures as predictors of inflation. Hence, aggregate money overhang is an …
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) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 … countryspecific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it … generally does not encompass country-specific money overhang measures as predictors of inflation. Hence, aggregate money …
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