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RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions?
Equation (18)
[
I
r
−
1
a
˜
12
0
,
22
a
21
0
,
22
1
]
[
Δ
y
21
t
Δ
y
22
t
]
=
−
[
[
A
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21
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]
1
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A
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2
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y
1
t
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22
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1
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A
22
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21
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Δ
y
1
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1
−
[
[
α
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2
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1
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ξ
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[
u
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MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaadaWada qaauaabeqaciaaaeaaieqacaWFjbWaaSbaaSqaaiaadkhacqGHsisl caaIXaaabeaaaOqaaiqadggagaacamaaDaaaleaacaaIXaGaaGOmaa qaaiaaicdacaGGSaGaaGOmaiaaikdaaaaakeaacaWGHbWaa0baaSqa aiaaikdacaaIXaaabaGaaGimaiaacYcacaaIYaGaaGOmaaaaaOqaai aaigdaaaaacaGLBbGaayzxaaWaamWaaeaafaqabeGabaaabaGaeuiL dqKaa8xEamaaBaaaleaacaaIYaGaaGymaiaadshaaeqaaaGcbaGaeu iLdqKaa8xEamaaBaaaleaacaaIYaGaaGOmaiaadshaaeqaaaaaaOGa ay5waiaaw2faaiabg2da9iabgkHiTmaadmaabaqbaeqabiqaaaqaam aadmaabaGabmyqayaaiaWaa0baaSqaaiaaikdacaaIXaaabaGaaGim aaaaaOGaay5waiaaw2faamaaBaaaleaacaaIXaaabeaaaOqaamaadm aabaGaamyqamaaDaaaleaacaaIYaGaaGymaaqaaiaaicdaaaaakiaa wUfacaGLDbaadaWgaaWcbaGaaGOmaaqabaaaaaGccaGLBbGaayzxaa GaeuiLdqKaa8xEamaaBaaaleaacaaIXaGaamiDaaqabaGccqGHsisl daWadaqaauaabeqaceaaaeaadaWadaqaaiqadgeagaacamaaDaaale aacaaIYaGaaGOmaaqaaiaaikdaaaaakiaawUfacaGLDbaadaWgaaWc baGaaGymaaqabaaakeaadaWadaqaaiaadgeadaqhaaWcbaGaaGOmai aaikdaaeaacaaIYaaaaaGccaGLBbGaayzxaaWaaSbaaSqaaiaaikda aeqaaaaaaOGaay5waiaaw2faamaadmaabaqbaeqabiqaaaqaaiabfs 5aejaa=LhadaWgaaWcbaGaaGOmaiaaigdacaWG0bGaeyOeI0IaaGym aaqabaaakeaacqqHuoarcaWF5bWaaSbaaSqaaiaaikdacaaIYaGaam iDaiabgkHiTiaaigdaaeqaaaaaaOGaay5waiaaw2faaaqaaiabgkHi TmaadmaabaqbaeqabiqaaaqaamaadmaabaGabmyqayaaiaWaa0baaS qaaiaaikdacaaIXaaabaGaaGOmaaaaaOGaay5waiaaw2faamaaBaaa leaacaaIXaaabeaaaOqaamaadmaabaGaamyqamaaDaaaleaacaaIYa GaaGymaaqaaiaaikdaaaaakiaawUfacaGLDbaadaWgaaWcbaGaaGOm aaqabaaaaaGccaGLBbGaayzxaaGaeuiLdqKaa8xEamaaBaaaleaaca aIXaGaamiDaiabgkHiTiaaigdaaeqaaOGaeyOeI0YaamWaaeaafaqa beGabaaabaWaamWaaeaacuaHXoqygaacamaaDaaaleaacaaIYaaaba GaaiOkaaaaaOGaay5waiaaw2faamaaBaaaleaacaaIXaaabeaaaOqa amaadmaabaGaeqySde2aa0baaSqaaiaaikdaaeaacaGGQaaaaaGcca GLBbGaayzxaaWaaSbaaSqaaiaaikdaaeqaaaaaaOGaay5waiaaw2fa aiabe67a4naaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRa WkdaWadaqaauaabeqaceaaaeaacaWG1bWaa0baaSqaaiaadshaaeaa caWGMbGaaiilaiaadsfaaaaakeaacqaH1oqzdaqhaaWcbaGaamiDaa qaaiaadkgacaGGSaGaamivaaaaaaaakiaawUfacaGLDbaaaaaa@BC0E@