RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty
Equation (4)
y
=
0.924
(
0.025
)
y
t
−
1
−
0.124
(
0.031
)
(
i
t
−
4
−
π
t
−
4
−
3.5
)
+
ε
t
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