Skip to content
RDP 8708: Risk Effects Versus Monetary Effects in the Determination of Short-Term Interest Rates
Equation (2)
b
t
*
(
k
)
=
β
k
E
t
{
u
x,t+k
u
x,t
⋅
p
t
p
t+k
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOyamaaDa aaleaacaqG0baabaGaaeOkaaaakmaabmaabaGaae4AaaGaayjkaiaa wMcaaiaaykW7caqG9aGaaGPaVlaabk7adaahaaWcbeqaaiaabUgaaa GccaaMc8UaaeyramaaBaaaleaacaqG0baabeaakiaaykW7daGadaqa aiaaykW7daWcaaqaaiaabwhadaWgaaWcbaGaaeiEaiaabYcacaqG0b Gaae4kaiaabUgaaeqaaaGcbaGaaeyDamaaBaaaleaacaqG4bGaaeil aiaabshaaeqaaaaakiaaykW7cqGHflY1caaMc8+aaSaaaeaacaqGWb WaaSbaaSqaaiaabshaaeqaaaGcbaGaaeiCamaaBaaaleaacaqG0bGa ae4kaiaabUgaaeqaaaaaaOGaay5Eaiaaw2haaaaa@5EBD@