RDP 7702: Inflation and Economic Stability in a Small Open Economy: A Systems Approach
Equation
Dlog
P
=
.42
(
log
P
^
−
log
P
)
−
.23
(
log
m
^
−
log
*
M
P
)
P
^
=
P
0
WL
y
0
e
λ
3
t
L
⋅
7
K
⋅
3
λ
3
=
.0029
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