RDP 2016-12: The Household Cash Flow Channel of Monetary Policy Equation

ln( C ijt D )= β j ln( Y ijt CF )+ γ j CONTROL S ijt + θ ij + ε ijt MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@623C@