RDP 8703: Money Demand, Own Interest Rates and Deregulation Equation

b t−1 = ( x ′ t−1 x t−1 ) −1 x ′ t−1 y * t−1 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngB PrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0x c9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8fr Fve9Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGIb WaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabg2da9maabmaa baGabmiEayaafaWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaaki aadIhadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaaGccaGLOaGa ayzkaaWaaWbaaSqabeaacqGHsislcaaIXaaaaOGabmiEayaafaWaaS baaSqaaiaadshacqGHsislcaaIXaaabeaakiaadMhacaGGQaWaaSba aSqaaiaadshacqGHsislcaaIXaaabeaaaaa@4FE4@