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Conference-1989 Studies in Money and Credit
Equation (18)
p
t
d
=
p
t
n
+
(
p
t
−
1
d
+
y
t
−
1
d
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiCamaaDa aaleaacaWG0baabaGaamizaaaakiabg2da9iaadchadaqhaaWcbaGa amiDaaqaaiaad6gaaaGccqGHRaWkdaqadaqaaiaadchadaqhaaWcba GaamiDaiabgkHiTiaaigdaaeaacaWGKbaaaOGaey4kaSIaamyEamaa DaaaleaacaWG0bGaeyOeI0IaaGymaaqaaiaadsgaaaaakiaawIcaca GLPaaaaaa@49E4@