RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy
Equation
Dlog
x
=
3.9
(
log
x
^
d
−
log
x
)
+
2.0
(
log
x
^
s
−
log
x
)
−
.49
QE
log
x
^
d
=
x
0
+
log
x
w
−
.51
log
(
P
x
EP
w
)
log
x
^
s
=
x
′
0
+
log
y
+
.50
log
(
P
x
P
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9DF7@