RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy Equation

DlogP=.42( log P ^ logP ).23( log m ^ log M P ) P ^ = P 0 WL y 0 e λ 3 t L 7 K 3 λ 3 =.0029 MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@76DE@