RDP 7903: Monetary Rules: A Preliminary Analysis
Equation
Dlog
P
=
.53
(
4.1
)
(
log
P
^
−
log
P
)
+
.13
(
Dlog
P
x
−
(
λ
2
−
λ
1
)
)
−
.33
(
−
4.9
)
(
log
P
m
^
−
log
M
)
+
.15
(
3.0
)
(
log
v
^
−
log
v
)
log
P
^
=
P
0
+
log
(
1
1
−
.3
)
WL
y
¯
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