Do New Zealand and world inflation rates equate?: A test of the ‘monetary’ proposition Footnote∗

I am grateful to Brian Easton, Lew Evans, Professor Hans Genberg, Girol Karacaoglu, Peter Lane, Grant Spencer and Mike Walsh for helpful discussion and comments in the course of preparing this paper. An earlier draft was presented at the New Zealand Association of Economists’ Conference, Lincoln College, August 1979. Thanks to Joe Boullon for assistance with data preparation. The views expressed and any errors, of course, remain my own.

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