RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
Dlog
B
=
.11
(
5.2
)
(
log
P
b
^
−
log
B
)
+
2.78
(
4.6
)
(
Dr
−
Dr
w
)
−
.06
(
−
0.7
)
(
log
P
m
^
−
log
M
)
log
b
^
=
b
0
+
1.0
log
y
+
14.79
(
4.2
)
(
r
−
r
w
)
+
1.77
(
8.2
)
log
EP
w
P
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