RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation (17)
p
t
*
+
y
t
*
=
p
t
−
1
+
y
t
−
1
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiCamaaBa aaleaacaqG0baabeaakmaaCaaaleqabaGaaiOkaaaakiabgUcaRiaa bMhadaWgaaWcbaGaaeiDaaqabaGcdaahaaWcbeqaaiaacQcaaaGccq GH9aqpcaqGWbWaaSbaaSqaaiaabshaiiaacqWFsislcaaIXaaabeaa kiaabUcacaaMc8UaaeyEamaaBaaaleaacaqG0bGae8NeI0IaaGymaa qabaGccaGGUaaaaa@4871@