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Re: Reply to B. Mitchell, P. Davidson

Is this a counter-example? There is some evidence of 2 unit roots
in prices and money. It is fairly easy to imagine a case where the
real money supply has a unit root in it but inflation cointegrates
with the money growth rate. --Alan G. Isaac

On Mon, 13 Feb 1995 19:19:50 -0700       Lonnie K. Stevans said:
>On your first point, of course you can cointegrate differenced series.  One can
>also look for causality between liquor sales and the number of ordained
>ministers.  My point is that it is meaningless to do so.
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