Research Discussion Paper – 1974 Equation (A.48)

W E • = a 1 XL t − 1 + a 2 β WA * + ( a 3 − a 2 ( 1 − β ) β ) ( P W • . ER ) e + ( a 4 − a 2 β ) Q e • + a 5   t P e • + a 6   t Y e • + a 7   t I e • MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaadaWfGa qaaiaadEfacaWGfbaaleqabaGaeyOiGClaaOGaeyypa0Jaaeyyamaa BaaaleaacaaIXaaabeaakiaabIfacaqGmbWaaSbaaSqaaiaabshacq GHsislcaaIXaaabeaakiabgUcaRmaalaaabaGaaeyyamaaBaaaleaa caaIYaaabeaaaOqaaiabek7aIbaacaqGxbGaaeyqaiaacQcacqGHRa WkdaqadaqaaiaabggadaWgaaWcbaGaaG4maaqabaGccqGHsisldaWc aaqaaiaabggadaWgaaWcbaGaaGOmaaqabaGcdaqadaqaaiaaigdacq GHsislcqaHYoGyaiaawIcacaGLPaaaaeaacqaHYoGyaaaacaGLOaGa ayzkaaWaaeWaaeaadaWfGaqaaiaadcfacaWGxbaaleqabaGaeyOiGC laaOGaaiOlaiaabweacaqGsbaacaGLOaGaayzkaaWaaWbaaSqabeaa caqGLbaaaaGcbaGaey4kaSYaaeWaaeaacaWGHbWaaSbaaSqaaiaais daaeqaaOGaeyOeI0YaaSaaaeaacaWGHbWaaSbaaSqaaiaaikdaaeqa aaGcbaGaeqOSdigaaaGaayjkaiaawMcaamaaxacabaGaamyuamaaCa aaleqabaGaamyzaaaaaeqabaGaeyOiGClaaOGaey4kaSIaamyyamaa BaaaleaacaaI1aaabeaakiaaykW7daWfGaqaaiaadshacaWGqbWaaW baaSqabeaacaWGLbaaaaqabeaacqGHIaYTaaGccqGHRaWkcaWGHbWa aSbaaSqaaiaaiAdaaeqaaOGaaGPaVpaaxacabaGaamiDaiaadMfada ahaaWcbeqaaiaadwgaaaaabeqaaiabgkci3caakiabgUcaRiaadgga daWgaaWcbaGaaG4naaqabaGccaaMc8+aaCbiaeaacaWG0bGaamysam aaCaaaleqabaGaamyzaaaaaeqabaGaeyOiGClaaaaaaa@84F0@