Do monetary shocks cause regional prices to go bananas?

Unmake @COEF SM1 SM2 SM3 SM4 SM5 SM6 SM7 SM8 SM9 SM10 SM11 SM12 SM13 SM14 SM15 SM16 SM17; ... +M16*reserves(-1)+M17+E)*(TIME>2)+PIR*(TIME<3);. Step 2a: use the ...