Figure 8: Impulse Responses to a Transitory Policy Shock
Response of Output Gap
Response of Inflation
Percent
Response of Long Rate
Response of Fed Funds Rate
Response of Perceived Target
Percent
Figure 8: Impulse Responses to a Transitory Policy Shock
Response of Output Gap
Response of Inflation
Percent
Response of Long Rate
Response of Fed Funds Rate
Response of Perceived Target
Percent