Figure 2: Recursive regressions for the multivariate relationship between CBI and inflation,
data ordered by inflation rate
Multivariate
1980-89; new TOR
1980-89; Cukierman TOR
1990-98; new TOR
10
Figure 2: Recursive regressions for the multivariate relationship between CBI and inflation,
data ordered by inflation rate
Multivariate
1980-89; new TOR
1980-89; Cukierman TOR
1990-98; new TOR
10