RDP 8602: Short-Term Interest Rates, Weekly Money Announcements and Rational Forecasts
Equation (5)
Δ
r
t
=
α
+
β
U
Δ
M
t
−
2
+
γ
E
Δ
M
t
−
2
+
Σ
i
β
i
UR
i
+
Σ
i
γ
i
ER
i
+
μ
t
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