RDP 8906: A Random Walk Around the $A: Expectations, Risk, Interest Rates and Consequences for External Imbalance
Equation (C.1)
E
t
[(P
us
t
/P
us
t+4
)
.(
Δ
S
j
t
/S
j
t
)]=0,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyramaaBa aaleaacaqG0baabeaakiaabUfacaqGOaGaaeiuamaaCaaaleqabaGa aeyDaiaabohaaaGcdaWgaaWcbaGaaeiDaaqabaGccaqGVaGaaeiuam aaCaaaleqabaGaaeyDaiaabohaaaGcdaWgaaWcbaGaaeiDaiaabUca caqG0aaabeaakiaabMcacaqGUaGaaeikaiabfs5aejaabofadaahaa WcbeqaaiaabQgaaaGcdaWgaaWcbaGaaeiDaaqabaGccaqGVaGaae4u amaaCaaaleqabaGaaeOAaaaakmaaBaaaleaacaqG0baabeaakiaabM cacaqGDbGaaeypaiaabcdacaqGSaaaaa@51F1@