RDP 9507: Macroeconomic Policies and Growth
Equation (7)
y
*
=
[
(
θ
η
+
ψ
)
(
p
d
−
e
−
p
f
)
+
(
p
d
−
e
−
p
f
)
+
θ
ε
z
+
(
1
−
θ
)
(
f
−
p
d
)
]
/
π
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