RDP 2012-08: Estimation and Solution of Models with Expectations and Structural Changes
Equation (28)
r
t
=
r
t
−
1
+
ρ
π
(
π
t
−
π
c
b
)
+
ρ
g
(
g
t
−
g
c
b
)
+
ε
r
,
t
.
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