RDP 9806: Policy Rules for Open Economies Equation (5)

π +1 =π+αyγ( e e 1 )+ η +1 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiabgUcaRiaaigdaaeqaaOGaeyypa0JaeqiWdaNaey4kaSIa eqySdeMaamyEaiabgkHiTiabeo7aNnaabmaabaGaamyzaiabgkHiTi aadwgadaWgaaWcbaGaeyOeI0IaaGymaaqabaaakiaawIcacaGLPaaa cqGHRaWkcqaH3oaAdaWgaaWcbaGaey4kaSIaaGymaaqabaaaaa@4CDB@