RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy
Equation
Dlog
i
=
.54
(
log
i
^
−
log
i
)
+
1.2
(
log
v
^
−
log
v
*
e
λ
1
t
)
λ
1
=
.012
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