RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (6)

c t − ω e e t − ω n n t − ω h y t ≈ ∑ i = 1 ∞ ρ w i ( r t + i w − ω h r t + i h − Δ c t + i + ω h Δ y t + i ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4yamaaBa aaleaacaWG0baabeaakiabgkHiTiabeM8a3naaBaaaleaacaWGLbaa beaakiaadwgadaWgaaWcbaGaamiDaaqabaGccqGHsislcqaHjpWDda WgaaWcbaGaamOBaaqabaGccaWGUbWaaSbaaSqaaiaadshaaeqaaOGa eyOeI0IaeqyYdC3aaSbaaSqaaiaadIgaaeqaaOGaamyEamaaBaaale aacaWG0baabeaakiabgIKi7oaaqahabaGaeqyWdi3aa0baaSqaaiaa dEhaaeaacaWGPbaaaaqaaiaadMgacqGH9aqpcaaIXaaabaGaeyOhIu kaniabggHiLdGcdaqadaqaaiaadkhadaqhaaWcbaGaamiDaiabgUca RiaadMgaaeaacaWG3baaaOGaeyOeI0IaeqyYdC3aaSbaaSqaaiaadI gaaeqaaOGaamOCamaaDaaaleaacaWG0bGaey4kaSIaamyAaaqaaiaa dIgaaaGccqGHsislcqqHuoarcaWGJbWaaSbaaSqaaiaadshacqGHRa WkcaWGPbaabeaakiabgUcaRiabeM8a3naaBaaaleaacaWGObaabeaa kiabfs5aejaadMhadaWgaaWcbaGaamiDaiabgUcaRiaadMgaaeqaaa GccaGLOaGaayzkaaaaaa@74A4@