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RDP 1977-07: Money and the Balance of Payments
Equation
Dlog
A
=
μ
11
(
log
A
^
−
log
A
)
+
θ
19
log
[
Py
(
Py
)
0
e
λ
2
t
]
+
θ
20
QA
+
θ
21
QF
1
A
^
=
A
0
(
1
−
h
)
Me
[
θ
22
r
b
+
θ
23
r
w
]
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