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RDP 1977-07: Money and the Balance of Payments
Equation
Dlog
T
2
=
μ
8
(
log
T
^
21
−
log
T
2
)
+
μ
9
(
log
T
^
22
−
log
T
2
)
T
^
21
=
T
02
t
2
(
P
⋅
d
)
T
^
22
=
T
03
t
04
(
W
⋅
L
)
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