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RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation (10)
p
t
=
1
(
β
+
αγ
)
−
1
(
β
+
αγ
)
v
t
−
λ
αγ
y
t
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiiCamaaBa aaleaacaqG0baabeaakiabg2da9maalaaabaGaaGymaaqaamaabmaa baGaaeOSdiabgUcaRiaabg7acaqGZoaacaGLOaGaayzkaaaaaiabgk HiTmaalaaabaGaaGymaaqaamaabmaabaGaaeOSdiabgUcaRiaabg7a caqGZoaacaGLOaGaayzkaaaaaiaabAhadaWgaaWcbaGaaeiDaaqaba GccqGHsisldaWcaaqaaiaabU7aaeaacaqGXoGaae4SdaaacaqG5bWa aSbaaSqaaiaabshacqGHsislcaaIXaaabeaaaaa@5261@