RDP 2000-07: The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?
Equation (A2)
Δ
p
t
=
α
2
−
0.088
(
0.010
)
p
t
−
1
+
0.068
(
0.013
)
u
l
c
t
−
1
+
0.020
(
0.004
)
p
m
t
−
1
+
0.107
(
0.021
)
(
y
t
−
1
−
y
t
−
1
*
)
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