RDP 8703: Money Demand, Own Interest Rates and Deregulation
Equation (11)
λ
2
−
λ
(
σ
(
ϕ
−
α
ρ
)
+
β
(
1
−
ψ
)
(
α
ρ
σ
+
1
−
γ
)
+
Λ
Λ
)
+
σ
ϕ
+
β
(
1
−
ψ
)
(
α
ρ
σ
+
1
−
γ
)
Λ
=
0
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngB PrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0x c9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8fr Fve9Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakqaabeqaai abeU7aSnaaCaaaleqabaGaaGOmaaaakiabgkHiTiabeU7aSnaabmaa baWaaSaaaeaacqaHdpWCdaqadaqaaiabew9aMjabgkHiTiabeg7aHj abeg8aYbGaayjkaiaawMcaaiabgUcaRiabek7aInaabmaabaGaaGym aiabgkHiTiabeI8a5bGaayjkaiaawMcaamaabmaabaGaaeySdiabeg 8aYjabeo8aZjabgUcaRiaaigdacqGHsislcqaHZoWzaiaawIcacaGL PaaacqGHRaWkcaqGBoaabaGaae4MdaaaaiaawIcacaGLPaaacqGHRa WkaeaadaWcaaqaaiabeo8aZjabew9aMjabgUcaRiabek7aInaabmaa baGaaGymaiabgkHiTiabeI8a5bGaayjkaiaawMcaamaabmaabaGaae ySdiabeg8aYjabeo8aZjabgUcaRiaaigdacqGHsislcqaHZoWzaiaa wIcacaGLPaaaaeaacaqGBoaaaiabg2da9iaaicdaaaaa@7661@