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RDP 8703: Money Demand, Own Interest Rates and Deregulation
Equation (11)
λ
2
−
λ
(
σ
(
ϕ
−
α
ρ
)
+
β
(
1
−
ψ
)
(
α
ρ
σ
+
1
−
γ
)
+
Λ
Λ
)
+
σ
ϕ
+
β
(
1
−
ψ
)
(
α
ρ
σ
+
1
−
γ
)
Λ
=
0
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