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RDP 2011-02: Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy
Equation
R
^
1
,
t
=
2
R
^
2
,
t
−
2
E
t
R
^
2
,
t
+
1
+
E
t
R
^
1
,
t
+
2
+
E
t
Φ
t
+
1
−
Φ
t
.
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