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For example, monetary policy rules may require some target long-run interest rate, in which case solving the system of equations for the stochastic steady state could require searching for the correct long-run interest rate.
The text was updated successfully, but these errors were encountered:
For example, monetary policy rules may require some target long-run interest rate, in which case solving the system of equations for the stochastic steady state could require searching for the correct long-run interest rate.
The text was updated successfully, but these errors were encountered: