RDP 9702: The Lags of Monetary Policy
Equation (A2)
Δ
y
t
=
δ
y
t
−
1
+
N
t
λ
+
ε
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaai yEamaaBaaaleaacaWG0baabeaakiabg2da9iabes7aKjaadMhadaWg aaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaamOtamaaBa aaleaacaWG0baabeaakiabeU7aSjabgUcaRiabew7aLnaaBaaaleaa caWG0baabeaakiaacYcaaaa@4908@