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RDP 7704: Money and Money–Income: An Essay on the “Transmission Mechanism”
Equation (8)
y
t
=
h
(
p
t
−
p
t
e
)
,
h
>
0
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGaaaqaaiaabMhadaWgaaWcbaGaaeiDaaqabaGccqGH9aqpcaqGObWaaeWaaeaacaqGWbWaaSbaaSqaaiaabshaaeqaaOGaeyOeI0IaaeiCamaaDaaaleaacaqG0baabaGaaeyzaaaaaOGaayjkaiaawMcaaiaacYcaaeaacaqGObGaeyOpa4JaaGimaaaaaaa@4516@