RDP 8803: Do Financial Aggregates Lead Activity?: A Preliminary Analysis Equation

Y t =D t + j=1 m β j Y t-j + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeywamaaBa aaleaacaqG0baabeaakiaab2dacaqGebWaaSbaaSqaaiaabshaaeqa aOGaae4kamaaqahabaGaaeOSdmaaBaaaleaacaqGQbaabeaakiaabM fadaWgaaWcbaGaaeiDaiaab2cacaqGQbaabeaakiaabUcacaaMc8Ua aeyTdmaaBaaaleaacaqG0baabeaaaeaacaqGQbGaaeypaiaabgdaae aacaqGTbaaniabggHiLdaaaa@4B81@