RDP 9702: The Lags of Monetary Policy Equation

y t = − r t − r t − 1 + u t r t = I t + J t + ν t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWG5b WaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeyOeI0IaamOCamaaBaaa leaacaWG0baabeaakiabgkHiTiaadkhadaWgaaWcbaGaamiDaiabgk HiTiaaigdaaeqaaOGaey4kaSIaamyDamaaBaaaleaacaWG0baabeaa aOqaaiaadkhadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcaWGjbWaaS baaSqaaiaadshaaeqaaOGaey4kaSIaamOsamaaBaaaleaacaWG0baa beaakiabgUcaRiabe27aUnaaBaaaleaacaWG0baabeaakiaacYcaaa aa@508B@