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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.78, # 2, 2021, pp. 17-42



                                            Figure 3: Variables in log levels
                                       NEER                                   Aggregate CPI
                      5.0                                      5.8
                                                               5.6
                      4.8
                                                               5.4
                      4.6                                      5.2
                                                               5.0
                      4.4
                                                               4.8
                      4.2
                                                               4.6
                      4.0                                      4.4
                          04  06  08  10  12  14  16  18  20        04  06  08  10  12  14  16  18  20
                                      Food CPI                                Non-food CPI
                      6.4                                      5.6

                                                               5.4
                      6.0
                                                               5.2
                      5.6
                                                               5.0
                      5.2
                                                               4.8
                      4.8
                                                               4.6
                      4.4                                      4.4
                          04  06  08  10  12  14  16  18  20        04  06  08  10  12  14  16  18  20
                                     Service CPI                                TP CPI
                      5.6                                      6.2
                      5.4                                      6.0
                                                               5.8
                      5.2
                                                               5.6
                      5.0
                                                               5.4
                      4.8
                                                               5.2
                      4.6                                      5.0
                      4.4                                      4.8
                          04  06  08  10  12  14  16  18  20        04  06  08  10  12  14  16  18  20

                                     Oil Revenue
                     23.0
                     22.5
                     22.0
                     21.5
                     21.0

                     20.5
                     20.0
                          04  06  08  10  12  14  16  18  20

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