CAPACITY AND ASYMMETRIES IN MONETARY POLICY
29
0,4
Impulse Responses to a 1% Shock in Money Growth Rate
0,3
0,2
0,1
0
-0,1
Quarters
Figure la: Final Output
Impact Effect due to a 1% Shock in Money Growth Rate
0,05
Iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
0,65 0,72 0,78 0,83 0,86 0,89 0,92 0,95
Capacity Utilization Rate
Figure lb: Final Output
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