RDP 9807: Inflation Targeting in a Small Open Economy Equation

A 2 =μ e 2 ϕηa e 3 +ϕη( 1a )( e 8 e 7 )+ϕ( 1η ) e 9 γ 1 A 5 γ 2 e 5 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyqamaaBa aaleaacaaIYaaabeaakiabg2da9iabeY7aTjaadwgadaWgaaWcbaGa aGOmaaqabaGccqGHsislcqaHvpGzcqaH3oaAcaWGHbGaamyzamaaBa aaleaacaaIZaaabeaakiabgUcaRiabew9aMjabeE7aOnaabmaabaGa aGymaiabgkHiTiaadggaaiaawIcacaGLPaaadaqadaqaaiaadwgada WgaaWcbaGaaGioaaqabaGccqGHsislcaWGLbWaaSbaaSqaaiaaiEda aeqaaaGccaGLOaGaayzkaaGaey4kaSIaeqy1dy2aaeWaaeaacaaIXa GaeyOeI0Iaeq4TdGgacaGLOaGaayzkaaGaamyzamaaBaaaleaacaaI 5aaabeaakiabgkHiTiabeo7aNnaaBaaaleaacaaIXaaabeaakiaadg eadaWgaaWcbaGaaGynaaqabaGccqGHsislcqaHZoWzdaWgaaWcbaGa aGOmaaqabaGccaWGLbWaaSbaaSqaaiaaiwdaaeqaaaaa@6615@