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Notation: P = compounded annual rate of change of GNP deflator

M = compounded annual rate of change of M1B Source: Keith M. Carlson, "The Lag from Money to Prices," Review, Federal Reserve Bank of St. Louis, October 1980, Table 1, p. 4.

Notation: P = compounded annual rate of change of GNP deflator

M = compounded annual rate of change of M1B Source: Keith M. Carlson, "The Lag from Money to Prices," Review, Federal Reserve Bank of St. Louis, October 1980, Table 1, p. 4.

2Keith M. Carlson, "The Lag from Money to Prices," Review, Federal Reserve Bank of St. Louis, October, 1980, Table 1, p. 4.

17. Dynamic Econometric Models: Autoregressive and Distributed-Lag Models

CHAPTER SEVENTEEN: DYNAMIC ECONOMETRIC MODELS 661

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