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RDP 8709: Estimating the Inflationary Effects of Depreciation
Equation (6)
pc
d
=
α
(
1
−
δ
)
[
w
+
1
−
y
]
+
γ
(
1
−
δ
)
[
p
e
+
e
−
y
]
+
δ
p
m
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiCaiaabo gadaWgaaWcbaGaaeizaaqabaGccqGH9aqpcqaHXoqydaqadaqaaiaa igdacqGHsislcqaH0oazaiaawIcacaGLPaaadaWadaqaaiaabEhacq GHRaWkcaaIXaGaeyOeI0IaamyEaaGaay5waiaaw2faaiabgUcaRiab eo7aNnaabmaabaGaaGymaiabgkHiTiabes7aKbGaayjkaiaawMcaam aadmaabaGaaeiCamaaBaaaleaacaqGLbaabeaakiabgUcaRiaabwga cqGHsislcaWG5baacaGLBbGaayzxaaGaey4kaSIaeqiTdqMaaeiCam aaBaaaleaacaqGTbaabeaaaaa@5A88@