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RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions?
Equation (16)
[
A
11
0
,
22
a
12
0
,
22
a
21
0
,
22
1
]
[
Δ
y
21
t
Δ
y
22
t
]
=
−
[
[
A
21
0
]
1
[
A
21
0
]
2
]
Δ
y
1
t
−
[
[
A
22
2
]
1
[
A
22
2
]
2
]
[
Δ
y
21
t
−
1
Δ
y
22
t
−
1
]
−
[
[
A
21
2
]
1
[
A
21
2
]
2
]
Δ
y
1
t
−
1
−
[
[
α
2
*
]
1
[
α
2
*
]
2
]
ξ
t
−
1
+
[
ε
t
f
,
T
ε
t
b
,
T
]
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