Skip to content
RDP 2016-12: The Household Cash Flow Channel of Monetary Policy
Equation
M
=
V
r
(
1
+
r
)
N
(
1
+
r
)
N
−
1
=
V
r
1
−
(
1
+
r
)
−
N
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamytaiabg2da9maalaaabaGaamOvaiaadkhadaqadaqaaiaaigdacqGHRaWkcaWGYbaacaGLOaGaayzkaaWaaWbaaSqabeaacaWGobaaaaGcbaWaaeWaaeaacaaIXaGaey4kaSIaamOCaaGaayjkaiaawMcaamaaCaaaleqabaGaamOtaaaakiabgkHiTiaaigdaaaGaeyypa0ZaaSaaaeaacaWGwbGaamOCaaqaaiaaigdacqGHsisldaqadaqaaiaaigdacqGHRaWkcaWGYbaacaGLOaGaayzkaaWaaWbaaSqabeaacqGHsislcaWGobaaaaaaaaa@503E@