RDP 2011-02: Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy Equation (8)

Γ 0 y t = C + Γ 1 y t 1 + Ψ ε t + Π η t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeu4KdC0aaS baaSqaaiaaicdaaeqaaOGaaeyEamaaBaaaleaacaWG0baabeaakiab g2da9iaadoeacqGHRaWkcqqHtoWrdaWgaaWcbaGaaGymaaqabaGcca qG5bWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiab fI6azjabew7aLnaaBaaaleaacaWG0baabeaakiabgUcaRiabfc6aqj abeE7aOnaaBaaaleaacaWG0baabeaaaaa@4DCD@