RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (8)

d t − p t ≈ ∑ i = 1 ∞ ρ d i − 1 ( r t + i e − Δ d t + i ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamizamaaBa aaleaacaWG0baabeaakiabgkHiTiaadchadaWgaaWcbaGaamiDaaqa baGccqGHijYUdaaeWbqaaiabeg8aYnaaDaaaleaacaWGKbaabaGaam yAaiabgkHiTiaaigdaaaaabaGaamyAaiabg2da9iaaigdaaeaacqGH EisPa0GaeyyeIuoakmaabmaabaGaamOCamaaDaaaleaacaWG0bGaey 4kaSIaamyAaaqaaiaadwgaaaGccqGHsislcqqHuoarcaWGKbWaaSba aSqaaiaadshacqGHRaWkcaWGPbaabeaaaOGaayjkaiaawMcaaaaa@5542@