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RDP 1977-05: Modelling Monetary Disequilibrium
Equation
Dlog
F
=
α
10
(
log
f
^
−
log
F
P
)
+
γ
7
(
M
d
−
DC
)
+
β
19
QF
1
+
β
20
QF
2
log
f
^
=
f
o
+
β
1
log
y
+
β
21
r
−
β
21
r
w
+
β
22
QE
+
β
23
log
EP
w
P
M
d
=
α
11
M
(
log
m
^
−
log
M
P
)
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