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RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
Equation (A19)
P
=
M
(
P
−
P
D
′
(
D
P
D
′
+
Σ
^
v
v
)
−
1
D
P
)
M
′
+
N
Σ
ε
ε
N
′
.
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