RDP 8712: Policy Analysis with the MSG2 Model
Equation (1.19)
v
0
=
∫
0
∞
[
(
1−τ
2
)
(
Q
t
−w
t
L
t
−p
n
t
N
t
−iM
t
/P
t
)
−p
I
t
I
t
]
e
−
(
r−n
)
t
dt
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