RELATION TO MONEY AND PRICES
In the present study we must limit our investigationto only one type of distribution of influence and varia-tion of weights. The form chosen is the simple straightline function or arithmetical progression which provedmost effective and easily calculated in my 1925 study.
1,0
- 1865-189?
-1898-1924
1820-1864
0.0 - 1 - - 1 -
1-16 1-20 1-24 1-28 1-32
At= 5.3 6.7 8 9.8 10.7
Distributed Lag, in Tears, of i inrespect to P'
CHART 46
Correlation Coefficients Between P" and i for Various Distributions ofLag. P is the Combined Effect at Any Point of Time of the Influenceof Preceding V 's with Lags Distributed. Yearly Data, Great Britain ,
1820-1924.
Several periods of influence range, however, were tried.The results for the British and American yearly data areshown in Charts 46 and 47.
The figures at the bottom of Charts 46 and 47 refer tothe number of years over which the effect of price changesis taken into account in the correlations between P' and i.For example, in Chart 46, the figures 1-16 mean that the
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