## Annex Figure 2.1.1. Impulse Responses outside of a Low-for-Long Scenario (Percentage points)

## Source details

**Canonical URL:** [Annex Figure 2.1.1. Impulse Responses outside of a Low-for-Long Scenario (Percentage points)](https://www.imf.org/-/media/files/publications/gfsr/2017/april/annexfigure2-1-1r3.pdf)

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### Inflation
- Time horizon: Quarters 1 through 12.
- Vertical axis values shown: 0.0, 0.1, 0.2, 0.3, 0.4, 0.5, 0.6, 0.7.
- Finding: Under persistent inflation shocks ... 

### Real Interest Rate
- Time horizon: Quarters 1 through 12.
- Vertical axis values shown: –0.08, –0.07, –0.06, –0.05, –0.04, –0.03, –0.02, –0.01, 0.00.
- Finding: ... real rates remain elevated ...

### Real Income Growth
- Time horizon: Quarters 1 through 12.
- Vertical axis values shown: 0.0, 0.1, 0.2.
- Finding: ... and real incomes remain lower.

*Source: IMF staff calculations.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/annexfigure2-1-1r3.pdf_