Skip to content
RDP 1977-05: Modelling Monetary Disequilibrium
Equation
Dlog
P
=
α
7
(
log
P
^
−
log
P
)
+
γ
4
(
log
m
^
−
log
M
P
)
β
12
(
log
v
^
−
log
v
)
+
β
13
log
(
Q
⋅
EP
w
P
)
P
^
=
P
0
W
⋅
L
y
0
e
λ
3
t
L
1
−
β
7
K
β
7
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9317@