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THEORY OF CORE INFLATION
HISTORICAL REVIEW OF CORE INFLATION
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achieve actual inflation rate aggregate demand aggregate production function aggregate supply Average Tax Lifetime boosted Capacity Utilization capital costs capital formation capital stock Chart Constant Real Energy consumer price index core inflation rate core inflation theory core rate Corporate Tax Incentives decade decay factor demand management determined DRI model Durbin-Watson statistic econometric economic economy's equilibrium exogenous F-statistic full-employment growth historical improvement income inflationary investment tax credit Labor Cost Trend labor force learning process long-term interest rates lower macro model measures monetary policy offset OPEC prices payroll taxes period personal tax potential GNP potential output price equation price expectations price index price level price of capital productivity performance productivity trend R-Bar squared rational expectations Real Energy Price Real GNP real wages recession reduced rental price rising shock inflation rate short-term simulation Standard Coefficient Table tax burden tax rates unit labor costs utilization rates wage equation workers Year-over-year percent change