RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
Dlog
T
2
=
.15
(
2.7
)
(
log
T
^
21
−
log
T
2
)
+
.14
(
5.7
)
(
log
T
^
22
−
log
T
2
)
log
T
^
21
=
T
02
+
log
t
2
+
log
P
.d
log
T
^
22
=
T
03
+
log
t
4
+
log
W
.L
.
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