Conference-1989 Studies in Money and Credit
Equation
p
t
=
γ
1
+
γ
p
t
*
+
1
α
(
1
+
γ
)
u
t
+
1
α
(
1
+
γ
)
u
t
+
1
1
+
γ
E
t
p
t
+
1
*
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