RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
Equation (14)
X
1
,
t
=
[
a
t
,
y
t
−
1
,
π
t
−
1
,
ε
t
y
,
ε
t
π
,
i
t
−
1
,
Δ
i
t
]
′
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