RDP 2000-07: The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?
Equation (A4)
Δ
p
m
t
=
α
3
−
0.137
(
0.079
)
(
p
m
t
−
1
+
e
t
−
1
)
−
0.601
(
0.045
)
Δ
e
t
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