Figure 6. Estimates of θt for regional banks: bank reserves are considered in eq. (8)
—∙—estimates
—■—95% upper
—A—95% lower
-X— 1/n
Note: Results based on the simultaneous MVR estimation of eqs. (7), (8)’, and (9) are shown.
34
Figure 6. Estimates of θt for regional banks: bank reserves are considered in eq. (8)
—∙—estimates
—■—95% upper
—A—95% lower
-X— 1/n
Note: Results based on the simultaneous MVR estimation of eqs. (7), (8)’, and (9) are shown.
34