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RDP 2007-07: More Potent Monetary Policy? Insights from a Threshold Model
Equation (3)
G
I
R
F
=
E
[
X
t
+
k
|
ξ
t
,
Ω
t
−
1
]
−
E
[
X
t
+
k
|
Ω
t
−
1
]
,
for
k
=
0
,
1
,
..
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeWaaa qaaGqaciaa=DeacaWFjbGaa8Nuaiaa=zeacaWF9aGaa8xramaadmaa baGaamiwamaaBaaaleaacaWG0bGaey4kaSIaam4AaaqabaGccaGG8b GaeqOVdG3aaSbaaSqaaiaadshaaeqaaOGaaiilaiabfM6axnaaBaaa leaacaWG0baccaGae4NeI0IaaGymaaqabaaakiaawUfacaGLDbaacq GFsislcaWGfbWaamWaaeaacaWGybWaaSbaaSqaaiaadshacqGHRaWk caWGRbaabeaakiaacYhacqqHPoWvdaWgaaWcbaGaamiDaiab+jHiTi aaigdaaeqaaaGccaGLBbGaayzxaaGaaiilaaqaaGqaaiaa9zgacaqF VbGaa0NCaaqaaiaadUgacqGH9aqpcaaIWaGaaiilaiaaigdacaGGSa GaaiOlaiaac6caaaaaaa@6021@