RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy Equation (15)

s t = σ α ( y t y t * ) σ α σ ( g t g t * ) . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4CamaaBa aaleaacaWG0baabeaakiabg2da9iabeo8aZnaaBaaaleaacqaHXoqy aeqaaOWaaeWaaeaacaWG5bWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0 IaamyEamaaDaaaleaacaWG0baabaGaaiOkaaaaaOGaayjkaiaawMca aiabgkHiTmaalaaabaGaeq4Wdm3aaSbaaSqaaiabeg7aHbqabaaake aacqaHdpWCaaWaaeWaaeaacaWGNbWaaSbaaSqaaiaadshaaeqaaOGa eyOeI0Iaam4zamaaDaaaleaacaWG0baabaGaaiOkaaaaaOGaayjkai aawMcaaiaac6caaaa@529F@