RDP 8905: Monetary Policy Instruments: A Theoretical Analysis Equation (13)

var y t = β 2 π 1 2 σ u 2 + ( 1 βπ 1 ) 2 σ v 2 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiODaiaacg gacaGGYbGaaGPaVlaacMhadaWgaaWcbaGaaeiDaaqabaGccqGH9aqp caqGYoWaaWbaaSqabeaacaaIYaaaaOGaaeiWdmaaDaaaleaacaaIXa aabaGaaGOmaaaakiaabo8adaqhaaWcbaGaaeyDaaqaaiaaikdaaaGc cqGHRaWkdaqadaqaaiaaigdacqGHsislcaqGYoGaaeiWdmaaBaaale aacaaIXaaabeaaaOGaayjkaiaawMcaamaaCaaaleqabaGaaGOmaaaa kiaabo8adaqhaaWcbaGaaeODaaqaaiaaikdaaaaaaa@5179@