• Rq ,
where Rq > 1 is an exogenous deposit rate ceiling. This inequality captures regulation Q in a
simple and …. In addition, as showed by Rendahl
(2006), time iteration is relatively easily to implement in the presence of inequality …-stochastic steady-state
level of „=fl = 1:0195 because of Jensen’s inequality. When a ceiling of Rq = 1:02 is imposed,
the market …