Figure 4: Recursive regressions for the multivariate relationship between CBI and inflation,
data ordered by turnover rate
Multivariate
1980-89; new TOR
1980-89; Cukierman TOR
1990-98; new TOR
12
Figure 4: Recursive regressions for the multivariate relationship between CBI and inflation,
data ordered by turnover rate
Multivariate
1980-89; new TOR
1980-89; Cukierman TOR
1990-98; new TOR
12