RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
Equation (13)
[
X
1
,
t
+
1
E
t
X
2
,
t
+
1
]
=
A
[
X
1
,
t
X
2
,
t
]
+
B
i
t
+
C
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaamWaaeaafa qabeGabaaabaGaamiwamaaBaaaleaacaaIXaGaaiilaiaadshacqGH RaWkcaaIXaaabeaaaOqaaiaadweadaWgaaWcbaGaamiDaaqabaGcca WGybWaaSbaaSqaaiaaikdacaGGSaGaamiDaiabgUcaRiaaigdaaeqa aaaaaOGaay5waiaaw2faaiabg2da9iaadgeadaWadaqaauaabeqace aaaeaacaWGybWaaSbaaSqaaiaaigdacaGGSaGaamiDaaqabaaakeaa caWGybWaaSbaaSqaaiaaikdacaGGSaGaamiDaaqabaaaaaGccaGLBb GaayzxaaGaey4kaSIaamOqaiaadMgadaWgaaWcbaGaamiDaaqabaGc cqGHRaWkcaWGdbGaeqyTdu2aaSbaaSqaaiaadshaaeqaaaaa@570D@