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RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation
p
t
=
(
1
1
−
π
2
+
π
1
+
δ
)
{
(
π
1
+
δ
)
α
u
t
+
v
t
+
π
2
w
t
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiCamaaBa aaleaacaqG0baabeaakiabg2da9maabmaabaWaaSaaaeaacaaIXaaa baGaaGymaiabgkHiTiaabc8adaWgaaWcbaGaaGOmaaqabaGccqGHRa WkcaqGapWaaSbaaSqaaiaabgdaaeqaaOGaey4kaSIaaeiTdaaaaiaa wIcacaGLPaaadaGadaqaamaalaaabaWaaeWaaeaacaqGapWaaSbaaS qaaiaabgdaaeqaaOGaey4kaSIaaeiTdaGaayjkaiaawMcaaaqaaiaa bg7aaaGaaeyDamaaBaaaleaacaqG0baabeaakiabgUcaRiaabAhada WgaaWcbaGaaeiDaaqabaGccqGHRaWkcaqGapWaaSbaaSqaaiaabkda aeqaaOGaae4DamaaBaaaleaacaqG0baabeaaaOGaay5Eaiaaw2haaa aa@5832@