RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
Dlog
A
=
.19
(
7.4
)
(
log
A
^
−
log
A
)
+
.17
(
4.3
)
(
log
P
m
^
−
log
M
)
−
.03
(
−
4.1
)
QA
log
A
^
=
A
0
+
1.0
log
(
1
−
h
)
M
−
5.32
(
−
4.7
)
(
r
−
r
w
)
−
.06
(
−
5.4
)
log
EP
w
P
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