RDP 2010-05: Direct Effects of Money on Aggregate Demand: Another Look at the Evidence Equation (18)

y t = X 1 , t β 1 + X 2 , t β 2 + e t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaBaaaleaacaWG0baabeaakiabg2da9Gqabiaa=HfadaWgaaWcbaGaaGymaiaacYcacaWG0baabeaakiabek7aInaaBaaaleaacaaIXaaabeaakiabgUcaRiaa=HfadaWgaaWcbaGaaGOmaiaacYcacaWG0baabeaakiabek7aInaaBaaaleaacaaIYaaabeaakiabgUcaRiaadwgadaWgaaWcbaGaamiDaaqabaaaaa@4910@