CAPACITY AND ASYMMETRIES IN MONETARY POLICY
33
Impulse Responses to a 1% Shock in Money Growth Rate
-0,5
-1
1 3 5 7 9
Quarters
Figure 5a: Nominal Interest Rate
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 5b: Nominal Interest Rate
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