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>
>One question: to those who prefer to work purely with time series
>observations
>which are measured in monetary units, in their empirical work. How can
>price
>changes due to inflation be dealt with. I have looked at the literature and
>it is
>never really mentioned up front. I would be interested to know if there is
>a convenient
>trick or assumption which I have missed.
>
>Andrew Trigg
>
Usually people are interested in ratios like s/v rather than absolute
numbers. As such, the ratios are insensitive to changes in the value
of money.
Paul Cockshott
wpc@cs.strath.ac.uk
http://www.cs.strath.ac.uk/CS/Biog/wpc/index.html