RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (3)

y t h t i = 1 ρ h i ( r t + i h Δ y t + i ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaBa aaleaacaWG0baabeaakiabgkHiTiaadIgadaWgaaWcbaGaamiDaaqa baGccqGHijYUdaaeWbqaaiabeg8aYnaaDaaaleaacaWGObaabaGaam yAaaaaaeaacaWGPbGaeyypa0JaaGymaaqaaiabg6HiLcqdcqGHris5 aOWaaeWaaeaacaWGYbWaa0baaSqaaiaadshacqGHRaWkcaWGPbaaba GaamiAaaaakiabgkHiTiabfs5aejaadMhadaWgaaWcbaGaamiDaiab gUcaRiaadMgaaeqaaaGccaGLOaGaayzkaaaaaa@53C3@