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RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation
p
t
=
m
t
-
v
t
+
δE
t
(
p
t+1
-
p
t
)
+
δ
α
u
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiiCamaaBa aaleaacaqG0baabeaakiaad2dacaqGTbWaaSbaaSqaaiaabshaaeqa aOGaamylaiaabAhadaWgaaWcbaGaaeiDaaqabaGccaWGRaGaaeiTdi aabweadaWgaaWcbaGaaeiDaaqabaGcdaqadaqaaiaabchadaWgaaWc baGaaeiDaiaabUcacaqGXaaabeaakiaad2cacaqGWbWaaSbaaSqaai aabshaaeqaaaGccaGLOaGaayzkaaGaam4kamaalaaabaGaaeiTdaqa aiaabg7aaaGaaeyDamaaBaaaleaacaqG0baabeaakiaab6caaaa@4F91@