RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
Equation (28)
K
=
P
L
′
1
(
L
1
P
L
′
1
+
Σ
v
v
)
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4saiabg2 da9iaadcfaceWGmbGbauaadaWgaaWcbaGaaGymaaqabaGcdaqadaqa aiaadYeadaWgaaWcbaGaaGymaaqabaGccaWGqbGabmitayaafaWaaS baaSqaaiaaigdaaeqaaOGaey4kaSIaeyyeIu+aaSbaaSqaaiaadAha caWG2baabeaaaOGaayjkaiaawMcaamaaCaaaleqabaGaeyOeI0IaaG ymaaaaaaa@46E4@