RDP 2010-05: Direct Effects of Money on Aggregate Demand: Another Look at the Evidence
Equation (8)
δ
x
t
=
k
t
+
1
−
(
1
−
δ
)
k
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiTdqMaamiEamaaBaaaleaacaWG0baabeaakiabg2da9iaadUgadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeyOeI0YaaeWaaeaacaaIXaGaeyOeI0IaeqiTdqgacaGLOaGaayzkaaGaam4AamaaBaaaleaacaWG0baabeaaaaa@465F@