RDP 1977-07: Money and the Balance of Payments Equation

DlogA= μ 11 ( log A ^ logA )+ θ 19 log[ Py ( Py ) 0 e λ 2 t ]+ θ 20 QA+ θ 21 QF 1 A ^ = A 0 ( 1h ) Me [ θ 22 r b + θ 23 r w ] MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@8B36@