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RDP 9209: Financial Liberalisation and Consumption Behaviour
Equation (5)
c
t
=
{
1
−
(
1
+
δ
)
/
(
1
+
r
)
}
α+
{
(
1
+
δ
)
/
(
1
+
r
)
}
c
t−1
+
e
1
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaae4yamaaBa aaleaacaqG0baabeaakiabg2da9iaacUhacaaIXaGaeyOeI0Iaaiik aiaaigdacqGHRaWkcaqG0oGaaiykaiaac+cacaGGOaGaaGymaiabgU caRiaabkhacaGGPaGaaiyFaiaabg7acaqGRaGaai4EaiaacIcacaaI XaGaey4kaSIaaeiTdiaacMcacaGGVaGaaiikaiaaigdacqGHRaWkca qGYbGaaiykaiaac2hacaGGJbWaaSbaaSqaaiaabshacaqGTaGaaeym aaqabaGccqGHRaWkcaqGLbWaaSbaaSqaaiaaigdacaqG0baabeaaaa a@5958@