Friday, January 29, 2016

Nominal shocks in the presence of growth

I updated graphs here (originally from here) to show what happens to the price level and nominal output during a shock in the presence of growth (first is nominal output, second is the price level, both showing ideal and non-ideal information transfer):



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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.