RDP 8702: Open Market Operations in Australia: A U.S. Perspective Equation (3)

y t d =b( r t + p t E t1 * p t+1 )+ u t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngB PrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0x c9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8fr Fve9Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaqG5b Waa0baaSqaaiaabshaaeaacaqGKbaaaOGaeyypa0JaeyOeI0IaaeOy amaabmaabaGaaeOCamaaBaaaleaacaqG0baabeaakiabgUcaRiaabc hadaWgaaWcbaGaaeiDaaqabaGccqGHsislcaqGfbWaa0baaSqaaiaa bshacqGHsislcaaIXaaabaGaaiOkaaaakiaabchadaWgaaWcbaGaae iDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaGaey4kaSIaaeyD amaaBaaaleaacaqG0baabeaaaaa@5034@