RDP 9209: Financial Liberalisation and Consumption Behaviour Equation (17)

Δln C t =μ+λΔln y ^ t d + αr t-1 +γΔ i t + ω t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaci iBaiaac6gacaqGdbWaaSbaaSqaaiaabshaaeqaaOGaeyypa0JaaeiV diaabUcacaqG7oGaeuiLdqKaciiBaiaac6gadaqiaaqaaiaabMhaai aawkWaamaaDaaaleaacaqG0baabaGaaeizaaaakiabgUcaRiaabg7a caqGYbWaaSbaaSqaaiaabshacaqGTaGaaeymaaqabaGccqGHRaWkca qGZoGaeuiLdqKaaeyAamaaBaaaleaacaqG0baabeaakiabgUcaRiaa bM8adaWgaaWcbaGaaeiDaaqabaaaaa@5514@