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RDP 9311: Agency Costs, Balance Sheets and the Business Cycle
Equation (5)
w
s
w
¯
≥
p
−
1
1
−
γ
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaacaWG3bWaaSbaaSqaaiaadohaaeqaaaGcbaGabm4DayaaraaaaiabgwMiZkaadchadaahaaWcbeqaamaalaaabaGaeyOeI0IaaGymaaqaaiaaigdacqGHsislcqaHZoWzaaaaaaaa@4131@