Conference-1989 Studies in Money and Credit
Equation (3)
p
t
=
{
1
(
1
+
δ
)
}
{
−
v
t
+
δ
α
u
t
}
+
{
1
(
1
+
δ
)
}
Σ
(
δ
1
+
δ
)
i
E
t
m
t
+
i
.
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