RDP 2011-02: Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy Equation

T t P t = χ B t 1 P t 1 + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaaca WGubWaaSbaaSqaaiaadshaaeqaaaGcbaGaamiuamaaBaaaleaacaWG 0baabeaaaaGccqGH9aqpcqGHsislcqaHhpWydaWcaaqaaiaadkeada WgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaaGcbaGaamiuamaaBaaa leaacaWG0bGaeyOeI0IaaGymaaqabaaaaOGaey4kaSIaeqyTdu2aaS baaSqaaiaadshaaeqaaaaa@48C4@