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. 2021 Feb 16;125:104088. doi: 10.1016/j.jedc.2021.104088

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Fig. 4 — Response of $Π_{t}, p_{t}^{a}$ to the estimated sequence of shocks for $α_{t},$ 2020Q1-2021Q2. The CPI series is taken as the quarterly average of the year-on-year change of the CPI (FRED series CPIAUCSL).