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 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaqGeb GaaeiBaiaab+gacaqGNbGaaGPaVlaabgeacqGH9aqpdaWfqaqaaiaa c6cacaaIXaGaaGyoaaWcbaWaaeWaaeaacaaI3aGaaiOlaiaaisdaai aawIcacaGLPaaaaeqaaOWaaeWaaeaacaqGSbGaae4BaiaabEgacaaM c8UabmyqayaajaGaeyOeI0IaaeiBaiaab+gacaqGNbGaaGPaVlaabg eaaiaawIcacaGLPaaacqGHRaWkdaWfqaqaaiaac6cacaaIXaGaaG4n aaWcbaWaaeWaaeaacaaI0aGaaiOlaiaaiodaaiaawIcacaGLPaaaae qaaOWaaeWaaeaacaqGSbGaae4BaiaabEgacaaMc8Uaaeiuaiqad2ga gaqcaiabgkHiTiaabYgacaqGVbGaae4zaiaaykW7caqGnbaacaGLOa GaayzkaaWaaCbeaeaacqGHsislcaGGUaGaaGimaiaaiodaaSqaamaa bmaabaGaeyOeI0IaaGinaiaac6cacaaIXaaacaGLOaGaayzkaaaabe aakiaabgfacaqGbbaabaGaaeiBaiaab+gacaqGNbGaaGPaVlqadgea gaqcaiabg2da9iaabgeadaWgaaWcbaGaaGimaaqabaGccqGHRaWkca aIXaGaaiOlaiaaicdacaaMc8UaaeiBaiaab+gacaqGNbWaaeWaaeaa caaIXaGaeyOeI0IaaeiAaaGaayjkaiaawMcaaiaab2eadaWfqaqaai abgkHiTiaaiwdacaGGUaGaaG4maiaaikdaaSqaamaabmaabaGaeyOe I0IaaGinaiaac6cacaaI3aaacaGLOaGaayzkaaaabeaakmaabmaaba GaaeOCaiabgkHiTiaabkhadaWgaaWcbaGaae4DaaqabaaakiaawIca caGLPaaacqGHsisldaWfqaqaaiaac6cacaaIWaGaaGOnaaWcbaWaae WaaeaacqGHsislcaaI1aGaaiOlaiaaisdaaiaawIcacaGLPaaaaeqa aOGaaeiBaiaab+gacaqGNbWaaSGaaeaacaqGfbGaaeiuamaaBaaale aacaqG3baabeaaaOqaaiaabcfaaaaaaaa@9F2D@