RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
Dlog
E
=
.04
(
4.1
)
log
P
/
P
W
/
E
+
.10
(
11.6
)
QUS
+
.06
(
12.5
)
QER
=
.43
(
−
3.6
)
log
L
ϕ
0
N
−
.01
(
−
3.2
)
log
R
θ
0
M
−
.03
(
−
1.9
)
(
Dlog
R
−
λ
2
)
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