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RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation (2)
Money
demand:
m
t
=
p
t
+
y
t
-
δR
t
+
v
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaaiaab2eacaqGVbGaaeOBaiaabwgacaqG5bGaaGPaVlaabsgacaqG LbGaaeyBaiaabggacaqGUbGaaeizaiaacQdaaeaacaqGTbWaaSbaaS qaaiaabshaaeqaaOGaamypaiaabchadaWgaaWcbaGaaeiDaaqabaGc caWGRaGaaeyEamaaBaaaleaacaqG0baabeaakiaad2cacaqG0oGaae OuamaaBaaaleaacaqG0baabeaakiaadUcacaqG2bWaaSbaaSqaaiaa bshaaeqaaaaaaaa@50F0@