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RDP 2003-05: What do Financial Market Data Tell us About Monetary Policy Transparency?
Equation
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Δ
i
t
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=
0.04
(
0.00
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+
0.03
(
0.01
)
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Δ
p
t
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+
0.01
M
(
0.04
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Δ
p
t
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+
0.48
(
0.04
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Δ
i
t
−
1
U
S
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+
ε
t
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