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- Una pregunta natural es el significado e interpretación económica de este shock. En la literatura se encuentran tres explicaciones posibles. Primero, el shock reflejarÃa un shock exógeno a las preferencias de la autoridad, por ejemplo, a cambios estocásticos de los pesos relativos del desempleo y de la inflación. Estos cambios en las ponderaciones pueden representar cambios en las preferencias de los integrantes del comité monetario o cambio a las ponderaciones de las opiniones de los distintos miembros. Segundo, éstos podrÃan resultar de shocks a las expectativas de los agentes privados respecto de la polÃtica monetaria, que finalmente el banco central validarÃa (ver, por ejemplo, Ball, 1995, y Chari et al., 1998). Tercero, podrÃa reflejar diversos factores técnicos, como por ejemplo, errores de medición de datos preliminares que estaban disponibles en el momento en que la autoridad tomó decisiones (Bernanke y Milhov, 1995).
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