RDP 1999-10: The Implications of Uncertainty for Monetary Policy
Equation (A19)
min
R
L
o
s
s
=
E
[
(
T
−
T
¯
)
′
Ω
(
T
−
T
¯
)
]
+
T
¯
′
Ω
T
¯
+2
T
¯
′
Ω
E
[
T
−
T
¯
]
=
E
[
(
T
−
T
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)
′
Ω
(
T
−
T
¯
)
]
+
T
¯
′
Ω
T
¯
,
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