US EditionInflation, Energy and Logarithms - Goofynomics
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Inflation, Energy and Logarithms - Goofynomics
(… brief educational moment on the presentation of data …) Using the Pink Sheet and the World Development Indicators I built this graph that compares the (global) energy price index with the Italian consumer price index: It is noted that the energy price index is more volatile than the consumer price index and the correlation between the two indices is relatively weak. Since the two series both have an increasing trend, their correlation must be…
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