RDP 8905: Monetary Policy Instruments: A Theoretical Analysis Equation

p t = E t p t+1 R t + 1 α u t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiiCamaaBa aaleaacaqG0baabeaakiabg2da9iaabweadaWgaaWcbaGaaeiDaaqa baGccaqGWbWaaSbaaSqaaiaabshacqGHRaWkcaaIXaaabeaakiabgk HiTiaabkfadaWgaaWcbaGaaeiDaaqabaGccqGHRaWkdaWcaaqaaiaa bgdaaeaacaqGXoaaaiaabwhadaWgaaWcbaGaaeiDaaqabaGccaGGSa aaaa@4770@