RDP 2017-02: Anticipatory Monetary Policy and the ‘Price Puzzle’ Equation (6)

r t = ρ 0 + ρ 1 E t ( π t+1 )+ ψ t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaBaaaleaacaWG0baabeaakiabg2da9iabeg8aYnaaBaaaleaacaaIWaaabeaakiabgUcaRiabeg8aYnaaBaaaleaacaaIXaaabeaakiaadweadaWgaaWcbaGaamiDaaqabaGcdaqadaqaaiabec8aWnaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaakiaawIcacaGLPaaacqGHRaWkcqaHipqEdaWgaaWcbaGaamiDaaqabaaaaa@4B43@