RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
Equation (56)
Y
t
[
−
A
¯
1
⋮
−
1
n
A
¯
n
]
+
[
−
B
¯
1
⋮
−
1
n
B
¯
n
]
X
¯
t
+
v
t
Y
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