RDP 2014-02: Fiscal Policy and the Inflation Target
Equation (B6)
T
R
F
P
T
=
T
R
F
P
T
t
−
1
+
0.05
*
(
G
F
D
B
T
N
t
−
1
/
X
G
D
P
N
t
−
1
−
.55
)
+
0.5
*
D
(
G
F
D
B
T
N
t
−
1
/
X
G
D
P
N
t
−
1
−
.55
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceiqabeaayoraai aadsfacaWGsbGaamOraiaadcfacaWGubGaeyypa0Jaamivaiaadkfa caWGgbGaamiuaiaadsfadaWgaaWcbaGaamiDaiabgkHiTiaaigdaae qaaOGaey4kaSIaaGimaiaac6cacaaIWaGaaGynaiaacQcadaqadaqa aiaadEeacaWGgbGaamiraiaadkeacaWGubGaamOtamaaBaaaleaaca WG0bGaeyOeI0IaaGymaaqabaGccaGGVaGaamiwaiaadEeacaWGebGa amiuaiaad6eadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey OeI0IaaiOlaiaaiwdacaaI1aaacaGLOaGaayzkaaaabaGaey4kaSIa aGimaiaac6cacaaI1aGaaiOkaGqaciaa=readaqadaqaaiaadEeaca WGgbGaamiraiaadkeacaWGubGaamOtamaaBaaaleaacaWG0bGaeyOe I0IaaGymaaqabaGccaGGVaGaamiwaiaadEeacaWGebGaamiuaiaad6 eadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaeyOeI0IaaiOl aiaaiwdacaaI1aaacaGLOaGaayzkaaaaaaa@73C2@