RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (9)

A 0 Δ y t = α * β y t 1 A ( L ) Δ y t + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbeGaa8xqam aaBaaaleaacaaIWaaabeaakiabfs5aejaa=LhadaWgaaWcbaGaamiD aaqabaGccqGH9aqpcqGHsislcqaHXoqydaahaaWcbeqaaiaacQcaaa GccqaHYoGydaahaaWcbeqaaGGaaiab+jdiIcaakiaa=LhadaWgaaWc baGaamiDaiabgkHiTiaaigdaaeqaaOGaeyOeI0Iaa8xqamaabmaaba GaamitaaGaayjkaiaawMcaaiabfs5aejaa=LhadaWgaaWcbaGaamiD aaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaamiDaaqabaaaaa@5229@