RDP 9807: Inflation Targeting in a Small Open Economy
Equation
C
Z
=
[
(
1
−
η
)
e
1
+
η
a
(
e
8
−
e
7
)
+
η
(
1
−
a
)
(
e
7
−
e
6
)
e
1
e
2
e
0
−
e
4
]
,
C
i
=
[
0
0
0
1
1
]
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