RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
D
1
=
3.79
(
6.1
)
[
1
^
−
1
]
+
.54
(
4.7
)
(
log
y
−
log
y
¯
)
−
.02
(
−
4.0
)
Q
1
1
^
=
(
λ
1
−
λ
4
)
+
.19
(
6.9
)
(
(
1
−
.3
)
(
y
^
)
L
−
.81
W
(
1
+
t
4
)
P
)
y
¯
=
y
o
e
λ
3
t
L
(
1
−
.3
)
K
.3
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