Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information



Figure 11: Implications of Faster Learning for Impulse Responses
to a Transitory Policy Shock

Response of Output Gap


Response of Inflation


Response of Long Rate


Response of Fed Funds Rate


Response of Perceived Target

Percent




More intriguing information

1. Innovation Trajectories in Honduras’ Coffee Value Chain. Public and Private Influence on the Use of New Knowledge and Technology among Coffee Growers
2. The name is absent
3. The name is absent
4. A model-free approach to delta hedging
5. On the Relation between Robust and Bayesian Decision Making
6. The name is absent
7. Are Public Investment Efficient in Creating Capital Stocks in Developing Countries?
8. Party Groups and Policy Positions in the European Parliament
9. The name is absent
10. The name is absent