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Conference-1989 Studies in Money and Credit
Equation (14)
p
t
=
1
(
β
+
α
γ
+
α
β
γ
)
u
t
−
(
1
+
α
γ
)
(
β
+
α
β
γ
+
α
γ
)
v
t
−
λ
(
1
+
α
γ
)
α
γ
y
t
−
1
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