Relative Goods' Prices, Pure Inflation, and the Phillips Correlation
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This paper uses a dynamic factor model for the quarterly changes in consumption goods' prices to separate them into three independent components: idiosyncratic relative-price changes, a low-dimensional index of aggregate relative-price changes, and an index of equiproportional changes in all
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美国国家经济研究局创建时间：
2007-11-01
