Figure 1: Recursive regressions for the bivariate relationship between CBI and inflation, data
ordered by inflation rate.
Bivariate
1980-89; new TOR
1980-89; Cukierman TOR
1990-98; new TOR
Figure 1: Recursive regressions for the bivariate relationship between CBI and inflation, data
ordered by inflation rate.
Bivariate
1980-89; new TOR
1980-89; Cukierman TOR
1990-98; new TOR