RDP 9702: The Lags of Monetary Policy
Equation (B2)
Δ
y
t
=
X
t
α
+
W
t
ϕ
+
ε
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaai yEamaaBaaaleaacaWG0baabeaakiabg2da9iaadIfadaWgaaWcbaGa amiDaaqabaGccqaHXoqycqGHRaWkcaWGxbWaaSbaaSqaaiaadshaae qaaOGaeqy1dyMaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaOGa aiilaaaa@4756@