RDP 2010-02: Learning in an Estimated Small Open Economy Model Equation (A7)

τ t * = τ t − 1 * + π t d − π t * − Δ s t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiXdq3aa0 baaSqaaiaadshaaeaacaGGQaaaaOGaeyypa0JaeqiXdq3aa0baaSqa aiaadshacqGHsislcaaIXaaabaGaaiOkaaaakiabgUcaRiabec8aWn aaDaaaleaacaWG0baabaGaamizaaaakiabgkHiTiabec8aWnaaDaaa leaacaWG0baabaGaaiOkaaaakiabgkHiTiabfs5aejaadohadaWgaa WcbaGaamiDaaqabaaaaa@4D9A@