RDP 9314: The Demand for Money in Australia: New Tests on an old Topic Equation (4)

Step 1: yt=δ+εT+ ϕ ( T-B ) + zt MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaae4uaiaabs hacaqGLbGaaeiCaiaaykW7caqGXaGaaeOoaiaaykW7caaMc8UaaeyE aiaabshacaqG9aGaaeiTdiaabUcacaqG1oGaaeivaiaabUcacqaHvp GzdaqadaqaaiaabsfacaqGTaGaaeOqaaGaayjkaiaawMcaaiabgUca RiaabQhacaqG0baaaa@4F7E@