RDP 2010-02: Learning in an Estimated Small Open Economy Model Equation (A10)

τ t m d = τ t 1 m d + π t m π t d MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiXdq3aa0 baaSqaaiaadshaaeaacaWGTbGaamizaaaakiabg2da9iabes8a0naa DaaaleaacaWG0bGaeyOeI0IaaGymaaqaaiaad2gacaWGKbaaaOGaey 4kaSIaeqiWda3aa0baaSqaaiaadshaaeaacaWGTbaaaOGaeyOeI0Ia eqiWda3aa0baaSqaaiaadshaaeaacaWGKbaaaaaa@4BBE@