34
PEDRO PABLO ALVAREZ LOIS
Impulse Responses to a 1% Shock in Money Growth Rate
0
-0,1
-0,2
-0,3
-0,4
1 3 5
7 9
Quarters
Figure 6a: Deposits
One-period-ahead Effect due to a 1% Shock in Money Growth Rate
Capacity Utilization Rate
Figure 6b: Deposits
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