RDP 2003-05: What do Financial Market Data Tell us About Monetary Policy Transparency? Equation

| Δ i t |= 0.04 ( 0.00 ) + 0.03 ( 0.01 ) | Δ p t |+ 0.01M ( 0.04 ) | Δ p t |+ 0.48 ( 0.04 ) | Δ i t1 US |+ ε t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7A6A@