Owyang, Michael T. (contributor); … - 2003 - [Elektronische Ressource]
the policy instruments.
t
x
t t
t
z r
We estimate two versions of the …
is replaced by the PIs of the eight BEA regions.
x
8,9
7
The exceptions are interest rates, which are expressed as …
differences. Thus, in the non-policy block x
t
we replace aggregate PI with its eight regional
counterparts.
In addition to …