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Habit Persistence in Consumption in a Sticky Price Model of the Business Cycle

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Figure

Figure 1: Impulse Response Functions for y t ,i t , c t , n t
Figure 2: Impulse Response Functions for w  t , r t , µ t ,  R t
Figure 3: Impulse Response Functions for z t ,  ψ t ,  M t −  P t ,  k t
Figure 4: Impulse Response Functions for  Π t ,  P 0,t ,  P t ,  P 0,t−1
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