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RDP 9803: Forward-Looking Behaviour and Credibility: Some Evidence and Implications for Policy
Equation (B1.6)
Δ
f
y
t
=
α
6
−
0.32
(
0.09
)
(
f
y
t
−
1
−
f
y
t
−
1
t
r
e
n
d
)
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