This is an update to this post where I've instead set the change in NGDP based on the increase due to the change in the monetary base (the NGDP shift is described here, the methodology for these shifts in monetary policy matches up with this post).
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The liquidity effect and the inflation/income…
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This is an update to this post where I've instead set the change in NGDP based on the increase due to the change in the monetary base (the NGDP shift is described here, the methodology for these shifts in monetary policy matches up with this post).