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RDP 2017-02: Anticipatory Monetary Policy and the ‘Price Puzzle’
Equation (1)
π
t
=
α
+
β
X
t
−
1
+
γ
Z
t
−
1
+
ε
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySdeMaey4kaSIaeqOSdiMaamiwamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaHZoWzcaWGAbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaaaaa@4BA9@