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CAPACITY AND ASYMMETRIES IN MONETARY POLICY

Impulse Responses to a 1% Shock in Money Growth Rate

1,5

0,5

1                3                5               7                9

Quarters

Figure 9a: Mark Up

Impact Effect due to a 1% Shock in Money Growth Rate

1,4

1,2

1

0,8

0,6

0,65     0,72      0,78     0,83     0,86      0,89      0,92     0,95

Capacity Utilization Rate

Figure 9b: Mark Up

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