RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy
Equation
Dlog
B
=
.06
(
log
b
^
−
log
B
P
)
log
b
^
=
b
0
+
log
y
+
.89
log
r
−
.89
log
r
w
−
.20
QE
+
2.2
log
EP
w
P
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