RDP 8905: Monetary Policy Instruments: A Theoretical Analysis Equation (12)

var p t = π 1 2 ( σ u 2 + σ v 2 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiODaiaacg gacaGGYbGaaGPaVlaacchadaWgaaWcbaGaaeiDaaqabaGccqGH9aqp caqGapWaa0baaSqaaiaaigdaaeaacaaIYaaaaOWaaeWaaeaacaqGdp Waa0baaSqaaiaabwhaaeaacaaIYaaaaOGaey4kaSIaae4WdmaaDaaa leaacaqG2baabaGaaGOmaaaaaOGaayjkaiaawMcaaaaa@4945@