Skip to content
RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation (3)
p
t
=
{
1
(
1+δ
)
}
{
-v
t
+
δ
α
u
t
}
+
{
1
(
1+δ
)
}
∑
(
δ
1+δ
)
i
E
t
m
t+i
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiCamaaBa aaleaacaqG0baabeaakiaad2dadaGadaqaamaalaaabaGaaeymaaqa amaabmaabaGaaeymaiaabUcacaqG0oaacaGLOaGaayzkaaaaaaGaay 5Eaiaaw2haamaacmaabaGaaeylaiaabAhadaWgaaWcbaGaaeiDaaqa baGccaWGRaWaaSaaaeaacaqG0oaabaGaaeySdaaacaqG1bWaaSbaaS qaaiaabshaaeqaaaGccaGL7bGaayzFaaGaam4kamaacmaabaWaaSaa aeaacaqGXaaabaWaaeWaaeaacaqGXaGaae4kaiaabs7aaiaawIcaca GLPaaaaaaacaGL7bGaayzFaaWaaabqaeaadaqadaqaamaalaaabaGa aeiTdaqaaiaabgdacaqGRaGaaeiTdaaaaiaawIcacaGLPaaacaqGPb GaaGPaVlaabweadaWgaaWcbaGaaeiDaaqabaGccaqGTbWaaSbaaSqa aiaabshacaqGRaGaaeyAaaqabaGccaqGUaaaleqabeqdcqGHris5aa aa@6270@