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Karl Brunner and Allan H Meltzer
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0ctober aggregate supply aggregate supply curve analysis assets average Bank behavior of real breakpoints budget deficits business cycle capacity utilization capital mobility changes coefficients correlation countries currency cyclical demand for real deposit deregulation deposit rates deposit-rate domestic econometric effect equation estimated evidence ex ante real ex post real F-statistic F-test Federal Reserve Huizinga and Mishkin Huizinga-Mishkin hyperinflation hypothesis increase inflation inflation rate interest sensitivity interest-rate investment rates lags macroeconomic marginal significance level market rate measure monetary policy monetary policy regime money growth negative Nelson-Schwert nominal interest rate nominal money supply North-Holland output paper post real rate price level rapid inflation rate of interest real high-powered money real interest rates real rate process real rate regressions regime shift reserve ratio rise sample periods saving and investment Schwert shocks specification stability standard errors Statistics stochastic process supply shock Table tests trend Unemployment United variables