I was looking at a post from a few weeks ago and noticed this diagram of a local parameter value for the information transfer index κ fit to the price level (blue dots) and how it fits with letting κ ~ log MB/log NGDP (the black line):
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Identifying monetary regime change?
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I was looking at a post from a few weeks ago and noticed this diagram of a local parameter value for the information transfer index κ fit to the price level (blue dots) and how it fits with letting κ ~ log MB/log NGDP (the black line):