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5.4 Testing for unit roots in the German monetary and fiscal data, March 1921-May 1923 101
5.5 Estimation results for Germany, June 1920-May 1923 103
5.6 Specification tests applied to the model 104
A5.1 Monthly data on German real monetary aggregates, the real deficit, wholesale prices and the forward exchange discount, 1920-1923 108
A5.2 Monthly data on the mark/£ spot exchange rate, 1920-1923 109
6.1 Total lag lengths for the right-hand-side variables 114
6.2 Mean and standard deviation of each right-hand-side variable 116
6.3 Significance of US and German variables and EMS shift dummies: four EMS countries 120
6.4 Significance of US and German variables and EMS shift dummies: four non-EMS countries 122
6.5 Tests for shifting Phillips curve slopes in the EMS countries 124
6.6 Tests for shifting Phillips curve slopes in the non-EMS countries 126
A6.1 Inflation equations for the EMS countries, second quarter of 1971-fourth quarter of 1989 130
A6.2 Inflation equations for the non-EMS countries, second quarter of 1971-third quarter of 1989 131
A6.3 Output equations for the EMS countries, second quarter of 1971-fourth quarter of 1989 132
A6.4 Output equations for the non-EMS countries, second quarter of 1971-third quarter of 1989 133
A6.5 Wage equations for the EMS countries, second quarter of 1971-fourth quarter of 1989 134
A6.6 Wage equations for the non-EMS countries, second quarter of 1971-third quarter of 1989 135

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Publication Information: Book Title: Confidence, Credibility, and Macroeconomic Policy: Past, Present, Future. Contributors: Richard C. K. Burdekin - author, Farrokh K. Langdana - author. Publisher: Routledge. Place of Publication: New York. Publication Year: 1995. Page Number: xii.
    
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