RDP 2017-02: Anticipatory Monetary Policy and the ‘Price Puzzle’
Equation (9)
Δ
r
m
=
α
+
φ
π
m
F
+
γ
y
m
F
+
λ
π
m
F
_
R
E
V
I
S
I
O
N
+
θ
y
m
F
_
R
E
V
I
S
I
O
N
+
ρ
u
m
N
O
W
C
A
S
T
+
β
r
m
−
1
+
ε
m
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@76DA@