# RDP 8708: Risk Effects Versus Monetary Effects in the Determination of Short-Term Interest Rates Equation (2)

$b t * ( k ) = β k E t { u x,t+k u x,t ⋅ p t p t+k } MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOyamaaDa aaleaacaqG0baabaGaaeOkaaaakmaabmaabaGaae4AaaGaayjkaiaa wMcaaiaaykW7caqG9aGaaGPaVlaabk7adaahaaWcbeqaaiaabUgaaa GccaaMc8UaaeyramaaBaaaleaacaqG0baabeaakiaaykW7daGadaqa aiaaykW7daWcaaqaaiaabwhadaWgaaWcbaGaaeiEaiaabYcacaqG0b Gaae4kaiaabUgaaeqaaaGcbaGaaeyDamaaBaaaleaacaqG4bGaaeil aiaabshaaeqaaaaakiaaykW7cqGHflY1caaMc8+aaSaaaeaacaqGWb WaaSbaaSqaaiaabshaaeqaaaGcbaGaaeiCamaaBaaaleaacaqG0bGa ae4kaiaabUgaaeqaaaaaaOGaay5Eaiaaw2haaaaa@5EBD@$