RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (19)

Δ y 2 j , t = ϕ 1 j Δ y 1 t 1 + ϕ 2 j ξ 1 t 1 + ϕ 3 j z t + φ 2 j , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam yEamaaBaaaleaacaaIYaGaamOAaiaacYcacaWG0baabeaakiabg2da 9iabew9aMnaaDaaaleaacaaIXaGaamOAaaqaaGGaaiab=jdiIcaaki abfs5aeHqabiaa+LhadaWgaaWcbaGaaGymaiaadshacqGHsislcaaI XaaabeaakiabgUcaRiabew9aMnaaDaaaleaacaaIYaGaamOAaaqaai ab=jdiIcaakiabe67a4naaBaaaleaacaaIXaGaamiDaiabgkHiTiaa igdaaeqaaOGaey4kaSIaeqy1dy2aa0baaSqaaiaaiodacaWGQbaaba Gae8NmGikaaOGaamOEamaaBaaaleaacaWG0baabeaakiabgUcaRiab eA8aQnaaBaaaleaacaaIYaGaamOAaiaacYcacaWG0baabeaaaaa@61BE@