RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation
R
t
=
E
t
(
p
t+1
-
p
t
)
+
1
α
u
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOuamaaBa aaleaacaqG0baabeaakiaad2dacaqGfbWaaSbaaSqaaiaabshaaeqa aOWaaeWaaeaacaqGWbWaaSbaaSqaaiaabshacaqGRaGaaeymaaqaba GccaWGTaGaaeiCamaaBaaaleaacaqG0baabeaaaOGaayjkaiaawMca aiaadUcadaWcaaqaaiaabgdaaeaaiiaacqWFXoqyaaGaaeyDamaaBa aaleaacaqG0baabeaakiaac6caaaa@487B@