RDP 7704: Money and Money–Income: An Essay on the “Transmission Mechanism”
Equation (11)
Δp
t
=
1
h
y
t
+
Δp
t
e
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiLdiaabchadaWgaaWcbaGaaeiDaaqabaGccqGH9aqpdaWcaaqaaiaaigdaaeaacaqGObaaaiaabMhadaWgaaWcbaGaaeiDaaqabaGccqGHRaWkcaqGuoGaaeiCamaaDaaaleaacaqG0baabaGaaeyzaaaaaaa@430E@