RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (15)

A 22 0 Δ y 2 t = − A 21 0 Δ y 1 t − α 2 * ξ t − 1 − A 21 2 Δ y 1 t − 1 − A 22 2 Δ y 2 t − 1 + ε t T MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyqamaaDa aaleaacaaIYaGaaGOmaaqaaiaaicdaaaGccqqHuoarieqacaWF5bWa aSbaaSqaaiaaikdacaWG0baabeaakiabg2da9iabgkHiTiaadgeada qhaaWcbaGaaGOmaiaaigdaaeaacaaIWaaaaOGaeuiLdqKaa8xEamaa BaaaleaacaaIXaGaamiDaaqabaGccqGHsislcqaHXoqydaqhaaWcba GaaGOmaaqaaiaacQcaaaGccqaH+oaEdaWgaaWcbaGaamiDaiabgkHi TiaaigdaaeqaaOGaeyOeI0IaamyqamaaDaaaleaacaaIYaGaaGymaa qaaiaaikdaaaGccqqHuoarcaWF5bWaaSbaaSqaaiaaigdacaWG0bGa eyOeI0IaaGymaaqabaGccqGHsislcaWGbbWaa0baaSqaaiaaikdaca aIYaaabaGaaGOmaaaakiabfs5aejaa=LhadaWgaaWcbaGaaGOmaiaa dshacqGHsislcaaIXaaabeaakiabgUcaRiabew7aLnaaDaaaleaaca WG0baabaGaamivaaaaaaa@6854@