WINF

AcronymDefinition
WINFWinema National Forest (Oregon)
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AND WINF PRODUCTION: ANALYSIS, CHARACTERIZATION, AND TECHNOLOGICAL
t] comprises the following three variables: EXGM1 stands for "excessive" money creation and was measured as the difference between the growth in M1 and the rates of change in the consumer price index and the manufacturing production index of the previous period; DEFH is a fiscal variable that intends to capture the public sector need to rely on inflationary finance and it was computed as the ratio of public sector borrowing requirements to the one-period lag in stock of the money base; DEVAL denotes the rate of exchange rate devaluation; and WINF is the monthly percentage change of earnings in manufacturing.
23) Third, the regression results also suggest that in the period preceding the stabilization, inflation was largely determined by monetary, fiscal, exchange rate and wage factors; all the coefficients for lagged EXGM1, DEFH, DEVAL and WINF variables have the expected positive signs and are statistically significant.