RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy
Equation
Dlog
N
=
.16
(
log
N
^
−
log
N
)
log
N
^
=
N
0
−
.18
log
[
(
1
−
t
1
)
WL
Py
]
+
log
L
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