New Evidence on the Puzzles. Results from Agnostic Identification on Monetary Policy and Exchange Rates.

US-Ger

US-UK

s

^q

^ρ

У*

^y

i^*

i

i^* - i

US/GE Pok

2      3

years

years

U^S/UK P-_l

-8∣------------------,------------------,------------------,------------------,-----------------

0      1      2      3      4     5

years

US-Japan

USJP s

1.'

0  0.;

1      2      3     4     5

years

US/JP q

1.;

_   1

2 o.;

t

-о.;

10      1      2      3     4     5

years

USJP ⅛k

“0      1      2      3      4      5

years