RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions?
Equation (12)
[
A
11
0
A
12
0
A
21
0
A
22
0
]
[
Δ
y
1
t
Δ
y
2
t
]
=
−
α
*
β
′
[
y
1
t
−
1
y
2
t
−
1
]
−
[
A
11
2
A
12
2
A
21
2
A
22
2
]
[
Δ
y
1
t
−
1
Δ
y
2
t
−
1
]
+
[
ε
t
P
ε
t
T
]
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