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RDP 2011-02: Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy
Equation (A9)
m
t
r
=
μ
1
m
^
t
−
1
r
+
μ
2
m
^
t
+
1
r
+
μ
3
[
Λ
^
t
r
−
a
^
t
]
+
μ
4
R
^
t
+
μ
5
e
^
t
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