RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (13)

[ I A ˜ 12 0 A 21 0 A 22 0 ] [ Δ y 1 t Δ y 2 t ] = [ α ˜ 1 * α 2 * ] β [ y 1 t 1 y 2 t 1 ] [ A ˜ 11 2 A ˜ 12 2 A 21 2 A 22 2 ] [ Δ y 1 t 1 Δ y 2 t 1 ] + [ u t P ε t T ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaamWaaeaafa qabeGacaaabaGaamysaaqaaiqadgeagaacamaaDaaaleaacaaIXaGa aGOmaaqaaiaaicdaaaaakeaacaWGbbWaa0baaSqaaiaaikdacaaIXa aabaGaaGimaaaaaOqaaiaadgeadaqhaaWcbaGaaGOmaiaaikdaaeaa caaIWaaaaaaaaOGaay5waiaaw2faamaadmaabaqbaeqabiqaaaqaai abfs5aeHqabiaa=LhadaWgaaWcbaGaaGymaiaadshaaeqaaaGcbaGa euiLdqKaa8xEamaaBaaaleaacaaIYaGaamiDaaqabaaaaaGccaGLBb GaayzxaaGaeyypa0JaeyOeI0YaamWaaeaafaqabeGabaaabaGafqyS deMbaGaadaqhaaWcbaGaaGymaaqaaiaacQcaaaaakeaacqaHXoqyda qhaaWcbaGaaGOmaaqaaiaacQcaaaaaaaGccaGLBbGaayzxaaGaeqOS di2aaWbaaSqabeaaiiaacqGFYaIOaaGcdaWadaqaauaabeqaceaaae aacaWF5bWaaSbaaSqaaiaaigdacaWG0bGaeyOeI0IaaGymaaqabaaa keaacaWF5bWaaSbaaSqaaiaaikdacaWG0bGaeyOeI0IaaGymaaqaba aaaaGccaGLBbGaayzxaaGaeyOeI0YaamWaaeaafaqabeGacaaabaGa bmyqayaaiaWaa0baaSqaaiaaigdacaaIXaaabaGaaGOmaaaaaOqaai qadgeagaacamaaDaaaleaacaaIXaGaaGOmaaqaaiaaikdaaaaakeaa caWGbbWaa0baaSqaaiaaikdacaaIXaaabaGaaGOmaaaaaOqaaiaadg eadaqhaaWcbaGaaGOmaiaaikdaaeaacaaIYaaaaaaaaOGaay5waiaa w2faamaadmaabaqbaeqabiqaaaqaaiabfs5aejaa=LhadaWgaaWcba GaaGymaiaadshacqGHsislcaaIXaaabeaaaOqaaiabfs5aejaa=Lha daWgaaWcbaGaaGOmaiaadshacqGHsislcaaIXaaabeaaaaaakiaawU facaGLDbaacqGHRaWkdaWadaqaauaabeqaceaaaeaacaWG1bWaa0ba aSqaaiaadshaaeaacaWGqbaaaaGcbaGaeqyTdu2aa0baaSqaaiaads haaeaacaWGubaaaaaaaOGaay5waiaaw2faaaaa@8D31@