RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy Equation (19)

R 1 , t = R 1 , t * + E t Δ e t + 1 . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOuamaaBa aaleaacaaIXaGaaiilaiaadshaaeqaaOGaeyypa0JaamOuamaaDaaa leaacaaIXaGaaiilaiaadshaaeaacaGGQaaaaOGaey4kaSIaamyram aaBaaaleaacaWG0baabeaakiabfs5aejaadwgadaWgaaWcbaGaamiD aiabgUcaRiaaigdaaeqaaOGaaiOlaaaa@4736@