RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation
R
t
=
E
t
(
p
t
+
1
−
p
t
)
+
γ
(
p
t
−
p
t
*
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOuamaaBa aaleaacaqG0baabeaakiabg2da9iaabweadaWgaaWcbaGaaeiDaaqa baGcdaqadaqaaiaabchadaWgaaWcbaGaaeiDaiabgUcaRiaaigdaae qaaOGaeyOeI0IaaeiCamaaBaaaleaacaqG0baabeaaaOGaayjkaiaa wMcaaiabgUcaRiaabo7adaqadaqaaiaabchadaWgaaWcbaGaaeiDaa qabaGccqGHsislcaqGWbWaaSbaaSqaaiaabshaaeqaaOWaaWbaaSqa beaacaGGQaaaaaGccaGLOaGaayzkaaGaaiOlaaaa@4DAE@