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RDP 1977-07: Money and the Balance of Payments
Equation (5) Price of output
Dlog
P
=
α
5
[
log
(
EP
w
P
)
+
β
6
log
{
(
d
+
g
2
)
(
d
+
g
2
)
*
e
λ
1
t
}
+
β
7
log
(
g
1
g
1
*
e
λ
1
t
)
]
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