Public Debt Management in Brazil

Figure 2

SUPPLY SHOCK

Impulse responses for a shock to inflation equation

----_SELIC (Deviation Mean)

.002

.000

-.002

-.004

-.006

-.008

-.010

-.012

----_LEXCH (Deviation Mean)

----_INFL (Deviation Mean)

---_GAP (Deviation Mean)

---_EMBI (Deviation Mean)

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