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RDP 2002-01: Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy
Equation (A1)
y
t
=
0.852
(
0.052
)
y
t
−
1
+
0.159
(
0.061
)
y
t
−
1
f
−
0.137
(
0.027
)
(
r
t
−
6
−
3.5
)
−
0.025
(
0.008
)
(
r
e
r
t
−
3
−
464.701
(
1.83
)
)
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