RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation
p
t
=
1
αγ
u
t
+
(
1
−
γ
)
γ
w
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiCamaaBa aaleaacaqG0baabeaakiabg2da9maalaaabaGaaGymaaqaaiaabg7a caqGZoaaaiaabwhadaWgaaWcbaGaaeiDaaqabaGccqGHRaWkdaWcaa qaamaabmaabaGaaGymaiabgkHiTiaabo7aaiaawIcacaGLPaaaaeaa caqGZoaaaiaabEhadaWgaaWcbaGaaeiDaaqabaGccaGGUaaaaa@47EA@