RDP 7903: Monetary Rules: A Preliminary Analysis Equation

Dlog x= 2.47 ( 7.1 ) ( log  x ^ −log x )− 1.29 ( −3.2 ) ( log  v ^ −log v )+ .33 ( 4.1 ) QDS log  x ^ = x 0 +1.0 log  x w − .12 ( −2.3 ) log( P x EP w ) v ^ = v 0 [ S e − g 1 ] e λ 6 t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaqGeb GaaeiBaiaab+gacaqGNbGaaGPaVlaabIhacqGH9aqpdaWfqaqaaiaa ikdacaGGUaGaaGinaiaaiEdaaSqaamaabmaabaGaaG4naiaac6caca aIXaaacaGLOaGaayzkaaaabeaakmaabmaabaGaaeiBaiaab+gacaqG NbGaaGPaVlqadIhagaqcaiabgkHiTiaabYgacaqGVbGaae4zaiaayk W7caqG4baacaGLOaGaayzkaaGaeyOeI0YaaCbeaeaacaaIXaGaaiOl aiaaikdacaaI5aaaleaadaqadaqaaiabgkHiTiaaiodacaGGUaGaaG OmaaGaayjkaiaawMcaaaqabaGcdaqadaqaaiaabYgacaqGVbGaae4z aiaaykW7ceWG2bGbaKaacqGHsislcaqGSbGaae4BaiaabEgacaaMc8 UaaeODaaGaayjkaiaawMcaaiabgUcaRmaaxababaGaaiOlaiaaioda caaIZaaaleaadaqadaqaaiaaisdacaGGUaGaaGymaaGaayjkaiaawM caaaqabaGccaqGrbGaaeiraiaabofaaeaacaqGSbGaae4BaiaabEga caaMc8UabmiEayaajaGaeyypa0JaaeiEamaaBaaaleaacaaIWaaabe aakiabgUcaRiaaigdacaGGUaGaaGimaiaaykW7caqGSbGaae4Baiaa bEgacaaMc8UaaeiEamaaBaaaleaacaqG3baabeaakiabgkHiTmaaxa babaGaaiOlaiaaigdacaaIYaaaleaadaqadaqaaiabgkHiTiaaikda caGGUaGaaG4maaGaayjkaiaawMcaaaqabaGccaqGSbGaae4BaiaabE gadaqadaqaamaaliaabaGaaeiuamaaBaaaleaacaqG4baabeaaaOqa aiaabweacaqGqbWaaSbaaSqaaiaabEhaaeqaaaaaaOGaayjkaiaawM caaaqaaiqadAhagaqcaiabg2da9iaabAhadaWgaaWcbaGaaGimaaqa baGcdaWadaqaaiaabofadaahaaWcbeqaaiaabwgaaaGccqGHsislca qGNbWaaSbaaSqaaiaaigdaaeqaaaGccaGLBbGaayzxaaGaaeyzamaa CaaaleqabaGaeq4UdWgaaOGaaGOnamaaCaaaleqabaGaaeiDaaaaaa aa@A47E@