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Figures for model diagnostic and results

Figure C.1: Prior and posterior distributions (1)

0 0.2 0.4

Appendix C. Figures 58

Figure C.2: Prior and posterior distributions (2)

1 1.5 2

Appendix C. Figures 59

Figure C.3: Identification and sensitivity

−2 0 2 4 6

eta eps_at phi tau psi_q gamma psi_y eps_an nu psi_pi h mu rho_r sigma rho_at eps_r rho_an theta_t theta_n

Identification strength with asymptotic Information matrix (log−scale)

relative to param value relative to prior std

−1 0 1 2 3 4 5 6

eta eps_at phi tau psi_q gamma psi_y eps_an nu psi_pi h mu rho_r sigma rho_at eps_r rho_an theta_t theta_n

Sensitivity component with asymptotic Information matrix (log−scale)

relative to param value relative to prior std

Appendix C. Figures 60

Figure C.4: Historical simulations

Appendix C. Figures 61

Figure C.5: Formal non-tradables productivity shock (1)

Appendix C. Figures 62

Figure C.6: Formal non-tradables productivity shock (2)

Appendix C. Figures 63

Figure C.7: Domestic tradables productivity shock (1)

Appendix C. Figures 64

Figure C.8: Domestic tradables productivity shock (2)

Appendix C. Figures 65

Figure C.9: Interest rate shock (1)

Appendix C. Figures 66

Figure C.10: Interest rate shock (2)

Appendix C. Figures 67

Figure C.11: Imported inflation shock (1)

Appendix C. Figures 68

Figure C.12: Imported inflation shock (2)

Appendix C. Figures 69

Figure C.13: Foreign demand shock (1)

Appendix C. Figures 70

Figure C.14: Foreign demand shock (2)

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