RDP 8602: Short-Term Interest Rates, Weekly Money Announcements and Rational Forecasts
Equation (8)
Δ
rTB
=
[
.055
]
−
.020
+
[
.058
]
.292
*
U
Δ
M
+
[
.061
]
.176
*
E
Δ
M
+
[
.079
]
.093UR
1
+
[
.190
]
.0194UR
2
+
[
.403
]
.785
ο
UR
3
[
.317
]
−
.783
*
UR
4
+
[
.356
]
.228
UR
5
−
[
.356
]
.926
*
UR
6
+
[
.633
]
.439
UR
7
−
[
.283
]
.075
ER
1
[
1.219
]
−
0.29
ER
2
−
[
1.430
]
.782
ER
3
−
[
1.161
]
.118
ER
4
+
1.548
2.39
ER
5
−
1.220
.230
ER
6
−
[
3.541
]
.349
ER
7
R
2
=
.42
*
dw
=
2.15
n
−
k
=
101
H
0
10
:
F
=
1.82
*
,
df1=8,
df2=109
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