Research Discussion Paper – 1974 Equation (A.51)

W E • = a 1   X L t − 1 + a 2 β P e • + ( 1 − a 2 β ) ( P W • . E R ) e a 4   Q e • + a 5 ( t P e • − t I e • ) − ( 1 + a 5 )   t Y e • MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaadaWfGa qaaiaadEfacaWGfbaaleqabaGaeyOiGClaaOGaeyypa0Jaamyyamaa BaaaleaacaaIXaaabeaakiaaykW7caWGybGaamitamaaBaaaleaaca WG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkdaWcaaqaaiaadggadaWg aaWcbaGaaGOmaaqabaaakeaacqaHYoGyaaWaaCbiaeaacaWGqbWaaW baaSqabeaacaWGLbaaaaqabeaacqGHIaYTaaGccqGHRaWkdaqadaqa aiaaigdacqGHsisldaWcaaqaaiaadggadaWgaaWcbaGaaGOmaaqaba aakeaacqaHYoGyaaaacaGLOaGaayzkaaWaaeWaaeaadaWfGaqaaiaa dcfacaWGxbaaleqabaGaeyOiGClaaOGaaiOlaiaadweacaWGsbaaca GLOaGaayzkaaWaaWbaaSqabeaacaWGLbaaaaGcbaGaamyyamaaBaaa leaacaaI0aaabeaakiaaykW7daWfGaqaaiaadgfadaahaaWcbeqaai aadwgaaaaabeqaaiabgkci3caakiabgUcaRiaadggadaWgaaWcbaGa aGynaaqabaGcdaqadaqaamaaxacabaGaamiDaiaadcfadaahaaWcbe qaaiaadwgaaaaabeqaaiabgkci3caakiabgkHiTmaaxacabaGaamiD aiaadMeadaahaaWcbeqaaiaadwgaaaaabeqaaiabgkci3caaaOGaay jkaiaawMcaaiabgkHiTmaabmaabaGaaGymaiabgUcaRiaadggadaWg aaWcbaGaaGynaaqabaaakiaawIcacaGLPaaacaaMc8+aaCbiaeaaca WG0bGaamywamaaCaaaleqabaGaamyzaaaaaeqabaGaeyOiGClaaaaa aa@7C87@