RDP 2000-07: The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?
Equation (A1)
Δ
y
t
=
α
1
−
0.244
(
0.085
)
(
y
t
−
1
−
y
t
−
1
*
)
+
0.064
(
0.120
)
Δ
y
t
−
1
−
0.149
(
0.041
)
r
t
−
2
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