38
PEDRO PABLO ALVAREZ LOIS
Impulse Responses to a 1% Shock in Money Growth Rate
-0,05
-0,1
1 3 5 7 9
Quarters
Figure 10a: Price Relation
-0,1
Impact Effect due to a 1% Shock in Money Growth Rate
-0,04
-0,06
-0,08
0,65 0,72 0,78 0,83 0,86 0,89 0,92 0,95
Capacity Utilization Rate
Figure 10b: Price Relation
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