Skip to content
RDP 9702: The Lags of Monetary Policy
Equation (A3)
m
0
=
0
m
j
=
(
1
+
δ
)
m
j
−
1
+
∑
i
=
0
k
β
i
where
k
=
min
(
j
−
1
,
6
)
m
∞
=
−
∑
i
=
0
6
β
i
/
δ
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGTb WaaSbaaSqaaiaaicdaaeqaaOGaeyypa0JaaGimaaqaaiaad2gadaWg aaWcbaGaamOAaaqabaGccqGH9aqpdaqadaqaaiaaigdacqGHRaWkcq aH0oazaiaawIcacaGLPaaacaWGTbWaaSbaaSqaaiaadQgacqGHsisl caaIXaaabeaakiabgUcaRmaaqadabaGaeqOSdigaleaacaWGPbGaey ypa0JaaGymaaqaaiaadUgaa0GaeyyeIuoakmaaBaaaleaacaWGPbaa beaakiaaykW7caqG3bGaaeiAaiaabwgacaqGYbGaaeyzaiaaykW7ca WGRbGaeyypa0JaaeyBaiaabMgacaqGUbWaaeWaaeaacaWGQbGaeyOe I0IaaGymaiaacYcacaaMc8UaaGOnaaGaayjkaiaawMcaaaqaaiaad2 gadaWgaaWcbaGaeyOhIukabeaakiabg2da9iabgkHiTmaaqadabaGa eqOSdi2aaSbaaSqaaiaadMgaaeqaaaqaaiaadMgacqGH9aqpcaaIWa aabaGaaGOnaaqdcqGHris5aerbtLhBMfwzUbacfaGccaWFVaGaeqiT dqMaaiOlaaaaaa@74E9@