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RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
Dlog
y
=
2.14
(
5.4
)
(
log
y
^
−
log
y
)
+
.99
(
4.9
)
(
log
v
^
−
log
v
)
−
.08
(
−
5.5
)
(
log
S
−
log
S
e
)
y
^
=
[
1
−
i
0
(
EP
i
(
1
+
t
3
)
P
)
−
.78
(
−
6.1
)
]
S
e
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