RDP 2003-05: What do Financial Market Data Tell us About Monetary Policy Transparency? Equation (1)

Δ i jt = α 0j + ∑ k=1 3 α kj D k Δ p jt + ε jt MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam yAamaaBaaaleaacaWGQbGaamiDaaqabaGccqGH9aqpcqaHXoqydaWg aaWcbaGaaGimaiaadQgaaeqaaOGaey4kaSYaaabCaeaacqaHXoqyda WgaaWcbaGaam4AaiaadQgaaeqaaaqaaiaadUgacqGH9aqpcaaIXaaa baGaaG4maaqdcqGHris5aOGaamiramaaBaaaleaacaWGRbaabeaaki abfs5aejaadchadaWgaaWcbaGaamOAaiaadshaaeqaaOGaey4kaSIa eqyTdu2aaSbaaSqaaiaadQgacaWG0baabeaaaaa@542C@