RDP 9204: The Term Structure of Interest Rates, Real Activity and inflation
Equation (A11)
R
−
R
¯
1
=
−
R
¯
h
(
α+ψ
)
ψ
ϑ
e
ψ
t
d
m
=
h
(
α+ψ
)
α+β
k
e
ψ
t
d
m
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