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Oil prices and the economy: A global perspective

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Figure

Table 1: Correlation between the logs of country-specific and global variables
Table 3b: Granger causality tests for GM2 vs. country-specific M2 1999:1-2012:12 (log-level)
Table 4: Test for unit roots 1999:1-2012:12: Data in level
Table 5. Cointegration test: logs of global CPI (GCPI), money (G3 M2 and BRIC M2) and
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