RDP 1999-10: The Implications of Uncertainty for Monetary Policy
Equation (A4)
L
o
s
s
=
E
t
[
α
Y
′
t
Y
t
+
β
Π
′
t
Π
t
−
γ
R
′
t
(
I
−
Γ
)
′
(
I
−
Γ
)
R
t
]
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