RDP 9806: Policy Rules for Open Economies Equation (12)

π ∗ = π −1 ∗ +α y −1 +η MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaW baaSqabeaacqGHxiIkaaGccqGH9aqpcqaHapaCdaqhaaWcbaGaeyOe I0IaaGymaaqaaiabgEHiQaaakiabgUcaRiabeg7aHjaadMhadaWgaa WcbaGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaH3oaAaaa@4655@