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RDP 1977-05: Modelling Monetary Disequilibrium
Equation
Dlog
E
=
α
24
log
P
/
P
w
E
+
β
48
log
R
ϕ
o
M
+
β
49
Dlog
R
+
β
50
Dlog
M
+
β
51
log
L
ϕ
o
N
+
β
52
QUS
+
β
53
QER
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