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RDP 1977-05: Modelling Monetary Disequilibrium
Equation
Dlog
P
x
=
α
8
(
log
P
^
x
−
log
P
x
)
+
γ
5
(
log
m
^
−
log
M
P
)
+
β
14
(
log
v
^
−
log
v
)
log
P
^
x
=
P
x
o
+
β
15
log
EP
w
1
+
(
1
−
β
15
)
log
EP
i
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