RDP 2010-07: Monetary Policy and the Exchange Rate: Evaluation of VAR Models Equation (8)

π h , t = β E t π h , t + 1 + κ α x t + ν π , t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadIgacaGGSaGaamiDaaqabaGccqGH9aqpcqaHYoGycaWGfbWaaSbaaSqaaiaadshaaeqaaOGaeqiWda3aaSbaaSqaaiaadIgacaGGSaGaamiDaiabgUcaRiaaigdaaeqaaOGaey4kaSIaeqOUdS2aaSbaaSqaaiabeg7aHbqabaGccaWG4bWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqyVd42aaSbaaSqaaiabec8aWjaacYcacaWG0baabeaaaaa@5204@