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RDP 1977-07: Money and the Balance of Payments
Equation (9) Domestic credit
Dlog
C
=
α
9
(
log
c
^
−
log
C
P
)
+
γ
3
log
[
P
(
g
1
+
g
2
+
cb
)
T
]
c
^
=
c
0
(
y
+
z
)
β
1
r
b
β
15
(
r
w
+
ξ
)
−
β
15
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