The relationship between monetary growth and inflation : an application of the infinite hidden Markov model to the United Kingdom
The analysis is undertaken through exploration of a reduced form relationship. Two questions are central to the study. The first involves the role of structural breaks in the relationship between inflation and monetary growth. We explore this through an application of Qu (2008) SQ and DQ tests which...
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Keele University
2018
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| Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.739444 |