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The authors give special thanks to Thomas Elger for valuable assistance in assembling the data set used in this paper as well as for numerous helpful comments. We also thank Leigh Drake for his suggestion that we test for additive separability using disaggregate consumption data in his comments on our European Central Bank working paper at a conference held at Aston University. We thank Klaus Schittkowski for help with using NLPQLP. We thank seminar participants at Aston University and the Bank of England for helpful comments. We also thank an anonymous referee for very helpful comments and suggestions, which greatly improved the paper. All errors and interpretations are the responsibility of the authors. 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