RDP 2017-02: Anticipatory Monetary Policy and the ‘Price Puzzle’
Equation (7)
π
t
=
κ
0
+
κ
1
ψ
^
t
−
1
+
ξ
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqOUdS2aaSbaaSqaaiaaicdaaeqaaOGaey4kaSIaeqOUdS2aaSbaaSqaaiaaigdaaeqaaOGafqiYdKNbaKaadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeqOVdG3aaSbaaSqaaiaadshaaeqaaaaa@488C@