32
PEDRO PABLO ALVAREZ LOIS
Impulse Responsesto a 1% Shock in Money Growth Rate
Figure 4a: Capital-Labor Ratio
Impact Effect due to a 1% Shock in Money Growth Rate
0,65 0,72 0,78 0,83 0,86 0,89 0,92 0,95
Capacity Utilization Rate
Figure 4b: Capital-Labor Ratio
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