RDP 8905: Monetary Policy Instruments: A Theoretical Analysis Equation

var p t = 1 α 2 ( 1+β ) 2 σ u 2 + β ( 1+β ) 2 σ w 2 . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaciODaiaacg gacaGGYbGaaeiCamaaBaaaleaacaqG0baabeaakiabg2da9maalaaa baGaaGymaaqaaiaabg7adaahaaWcbeqaaiaaikdaaaGcdaqadaqaai aaigdacqGHRaWkcaqGYoaacaGLOaGaayzkaaWaaWbaaSqabeaacaaI Yaaaaaaakiaabo8adaqhaaWcbaGaaeyDaaqaaiaaikdaaaGccqGHRa WkdaWcaaqaaiaabk7aaeaadaqadaqaaiaaigdacqGHRaWkcaqGYoaa caGLOaGaayzkaaWaaWbaaSqabeaacaaIYaaaaaaakiaabo8adaqhaa WcbaGaae4DaaqaaiaaikdaaaGccaGGUaaaaa@52D0@