Skip to content
RDP 9209: Financial Liberalisation and Consumption Behaviour
Equation (12)
C
t
=
a
0
+
a
1
C
t−1
+
λ(y
t
d
−
a
1
y
t−1
d
)
+
e
1
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaae4qamaaBa aaleaacaqG0baabeaakiabg2da9iaabggadaWgaaWcbaGaaGimaaqa baGccqGHRaWkcaqGHbWaaSbaaSqaaiaaigdaaeqaaOGaae4qamaaBa aaleaacaqG0bGaaeylaiaabgdaaeqaaOGaey4kaSIaae4UdiaabIca caqG5bWaa0baaSqaaiaabshaaeaacaqGKbaaaOGaeyOeI0Iaaeyyam aaBaaaleaacaaIXaaabeaakiaabMhadaqhaaWcbaGaaeiDaiaab2ca caqGXaaabaGaaeizaaaakiaacMcacqGHRaWkcaGGLbWaaSbaaSqaai aaigdacaqG0baabeaaaaa@523D@