RDP 2006-02: Term Structure Rules for Monetary Policy
Equation (8)
a
t
=
ρ
a
t
−
1
+
ε
t
a
b
t
=
ε
t
b
g
t
=
ϕ
g
t
−
1
+
ε
t
g
v
t
=
θ
v
t
−
1
+
ε
t
v
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