RDP 1978-01: Two Essays in Monetary Economics
Equation (5)
Δlog
c
=
α
(
log
c
^
−
log
c
−
1
)
−
γ
(
log
m
^
−
log
M
P
)
log
c
^
=
c
0
+
log
y
log
m
^
=
m
0
+
log
y
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