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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