RDP 9007: Operating Objectives for Monetary Policy
Equation (6)
Demand for non-tradeables:
d
t
n
=
h
(
y
t
+
p
t
−
p
t
c
)
+
g
(
p
t
c
−
p
t
n
)
−
α
(
R
t
−
E
t
(
p
t+1
c
−
p
t
c
)
)
+
w
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGaaa qaaiaabseacaqGLbGaaeyBaiaabggacaqGUbGaaeizaiaabccacaqG MbGaae4BaiaabkhacaqGGaGaaeOBaiaab+gacaqGUbGaaeylaiaabs hacaqGYbGaaeyyaiaabsgacaqGLbGaaeyyaiaabkgacaqGSbGaaeyz aiaabohacaqG6aaabaGaaeizamaaDaaaleaacaqG0baabaGaaeOBaa aakiabg2da9iaabIgacaGGOaGaaeyEamaaBaaaleaacaqG0baabeaa kiabgUcaRiaabchadaWgaaWcbaGaaeiDaaqabaGccqGHsislcaqGWb Waa0baaSqaaiaabshaaeaacaqGJbaaaOGaaiykaiabgUcaRiaabEga caGGOaGaaeiCamaaDaaaleaacaqG0baabaGaae4yaaaakiabgkHiTi aabchadaqhaaWcbaGaaeiDaaqaaiaab6gaaaGccaGGPaGaeyOeI0Ia eqySdeMaaiikaiaabkfadaWgaaWcbaGaaeiDaaqabaGccqGHsislca qGfbWaaSbaaSqaaiaabshaaeqaaOGaaiikaiaabchadaqhaaWcbaGa aeiDaiaabUcacaqGXaaabaGaae4yaaaakiabgkHiTiaabchadaqhaa WcbaGaaeiDaaqaaiaabogaaaGccaGGPaGaaiykaiabgUcaRiaabEha daWgaaWcbaGaaeiDaaqabaaaaaaa@7C01@