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@