RDP 9204: The Term Structure of Interest Rates, Real Activity and inflation
Equation (11)
[
(
ϒ
t
+
j
ϒ
t
)
12
j
−
1
]
∗
100
=
α
+
β
(
10
y
e
a
r
b
o
n
d
−
180
d
a
y
b
a
n
k
b
i
l
l
)
t
+
ε
t
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