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
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