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RDP 8905: Monetary Policy Instruments: A Theoretical Analysis
Equation
p
t
=
1
α
(
1
+
β
)
u
t
−
β
(
1
+
β
)
w
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiCamaaBa aaleaacaqG0baabeaakiabg2da9maalaaabaGaaGymaaqaaiaabg7a daqadaqaaiaaigdacqGHRaWkcaqGYoaacaGLOaGaayzkaaaaaiaabw hadaWgaaWcbaGaaeiDaaqabaGccqGHsisldaWcaaqaaiaabk7aaeaa daqadaqaaiaaigdacqGHRaWkcaqGYoaacaGLOaGaayzkaaaaaiaabE hadaWgaaWcbaGaaeiDaaqabaGccaGGSaaaaa@4B0B@