After a temporary demand shock, the model overshoots the long-run equilibrium output The adjustment to a temporary negative demand shock (z1= -1). Ill
{"Image DocumentName": "After a temporary demand shock, the model overshoots the long-run equilibrium output", "Image ImageDescription": "The adjustment to a temporary negative demand shock (z1= -1). Illustration of a quarterly AS-AS model calibrated with plausible parameter values.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}