Simply put 19/12/23 Fig 2 Decomposition Growth and Monetary policy

Growth

Monetary policy surprise

Production expectations

12-Dec-2023

30-Nov-2023

31-Oct-2023

0%

Investment

Employment

Consumption

Housing

Prices

Production expectations

Monetary conditions

Investment

Housing

Employment

Consumption

Neutral level

20%

40%

60%

80%

0%

20%

40%

60%

80%