RDP 7903: Monetary Rules: A Preliminary Analysis
Equation (7)
y
s
(
t
)
−
y
c
(
t
)
=
e
At
∫
o
t
o
e
−
As
BΔx
ds
.
=
e
At
A
−
1
BΔx
−
e
A
(
t
−
t
o
)
A
−
1
BΔx
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