RDP 2010-05: Direct Effects of Money on Aggregate Demand: Another Look at the Evidence
Equation (15)
Y
t
=
R
X
t
−
1
+
S
ε
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamywamaaBaaaleaacaWG0baabeaakiabg2da9Gqabiaa=jfacaWGybWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiaa=nfacqaH1oqzdaWgaaWcbaGaamiDaaqabaaaaa@421A@