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RDP 2014-02: Fiscal Policy and the Inflation Target
Equation (B5)
T
R
F
P
=
T
R
F
P
T
+
.57
*
(
T
R
F
P
(
−
1
)
−
T
R
F
P
T
(
−
1
)
)
+
.35
*
(
T
R
F
P
(
−
2
)
−
T
R
F
P
T
(
−
2
)
)
+
.00034
*
G
D
P
G
A
P
(
−
1
)
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