RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy
Equation
Dlog
L
=
.09
[
log
(
.7
Y
L
)
−
log
W
P
]
+
.008
log
(
g
g
o
e
λ
1
t
)
λ
1
=
.012
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