Figure 1
DEMAND SHOCK
Impulse responses for a shock to output gap equation
----_SELIC (Deviation Mean)
----_INFL (Deviation Mean)
.024
.020-
.016.
.012-
.008.
.004-
.000-1
-.004
2004 2005 2006 2007 2008 2009
----_GAP (Deviation Mean)
----_EMBI (Deviation Mean)
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