Conference-1989 Studies in Money and Credit
Equation
y
t
n
=
y
t
d
−
α
β
γ
(
β
+
α
γ
+
α
β
γ
)
(
p
t
−
1
+
y
t
−
1
)
p
t
n
=
p
t
d
−
α
γ
(
1
−
α
γ
+
α
β
γ
)
y
t
−
1
−
α
γ
(
β
+
α
γ
+
α
β
γ
)
p
t
−
1
.
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