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CAPACITY AND ASYMMETRIES IN MONETARY POLICY

39


Capacity Gap


Note: Each point in the figure represent the cumulated increase in equilibriu
values of the capacity and inflation gap that results from a series of 1%
monetary policy shocks.

Figure 11: Pseudo Phillips Curve

IDEA-Departament d’Economia i Ii0Economica

E-mail address-, [email protected]

URL: http : //idea.uab.es/~palvarez/



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