Skip to content
RDP 8703: Money Demand, Own Interest Rates and Deregulation
Equation (2)
m
−
p
=
β
o
+
Σ
j
=
0
J
(
Σ
i
=
1
I
β
ij
x
i
,
t
−
j
+
γ
j
(
m
−
p
)
t
−
j
−
1
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngB PrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0x c9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8fr Fve9Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaqGTb GaeyOeI0IaaeiCaiabg2da9iabek7aInaaBaaaleaacaqGVbaabeaa kiabgUcaRmaaqahabaWaaeWaaeaadaaeWbqaaiabek7aInaaBaaale aacaqGPbGaaeOAaaqabaGccaqG4bWaaSbaaSqaaiaabMgaaeqaaOGa aiilaiaabshacqGHsislcaqGQbGaey4kaSIaae4SdmaaBaaaleaaca qGQbaabeaakmaabmaabaGaaeyBaiabgkHiTiaabchaaiaawIcacaGL PaaadaWgaaWcbaGaaeiDaiabgkHiTiaabQgacqGHsislcaaIXaaabe aaaeaacaqGPbGaeyypa0JaaGymaaqaaiaabMeaa0GaeyyeIuoaaOGa ayjkaiaawMcaaaWcbaGaaeOAaiabg2da9iaaicdaaeaacaqGkbaani abggHiLdaaaa@61B5@