Figure 5.4 Forecast Error Variance Decomposition
France
Ц Supply □ Fiscal □ Cyclical
Supply □ Fiscal □ Cyclical
Ц Supply □ Fiscal □ Cyclical
Germany
Ц Supply □ Fiscal □ Cyclical
Supply □ Fiscal □ Cyclical
Ц Supply □ Fiscal □ Cyclical
140
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