RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions?
Equation
Household
US
Equity
Wealt
h
t
=
Household
Total
Equity
Wealt
h
t
×
(
1
−
All US sector foreign equit
y
t
All US sector domestic and foreign equit
y
t
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaOisaiaak+ gacaGI1bGaaO4CaiaakwgacaGIObGaaO4BaiaakYgacaGIKbGaaGPa VlaakwfacaGItbGaaGPaVlaakweacaGIXbGaaOyDaiaakMgacaGI0b GaaOyEaiaaykW7caGIxbGaaOyzaiaakggacaGISbGaaOiDaiaakIga daWgaaWcbaacbiGaa8hDaaqabaGccqGH9aqpcaGIibGaaO4Baiaakw hacaGIZbGaaOyzaiaakIgacaGIVbGaaOiBaiaaksgacaaMc8UaaOiv aiaak+gacaGI0bGaaOyyaiaakYgacaaMc8UaaOyraiaakghacaGI1b GaaOyAaiaakshacaGI5bGaaGPaVlaakEfacaGILbGaaOyyaiaakYga caGI0bGaaOiAamaaBaaaleaacaWF0baabeaakiabgEna0oaabmaaba GaaGymaiabgkHiTmaalaaabaGaaOyqaiaakYgacaGISbGaaOiiaiaa kwfacaGItbGaaOiiaiaakohacaGILbGaaO4yaiaakshacaGIVbGaaO OCaiaakccacaGIMbGaaO4BaiaakkhacaGILbGaaOyAaiaakEgacaGI UbGaaOiiaiaakwgacaGIXbGaaOyDaiaakMgacaGI0bGaaOyEamaaBa aaleaacaWG0baabeaaaOqaaiaakgeacaGISbGaaOiBaiaakccacaGI vbGaaO4uaiaakccacaGIZbGaaOyzaiaakogacaGI0bGaaO4Baiaakk hacaGIGaGaaOizaiaak+gacaGITbGaaOyzaiaakohacaGI0bGaaOyA aiaakogacaGIGaGaaOyyaiaak6gacaGIKbGaaOiiaiaakAgacaGIVb GaaOOCaiaakwgacaGIPbGaaO4zaiaak6gacaGIGaGaaOyzaiaakgha caGI1bGaaOyAaiaakshacaGI5bWaaSbaaSqaaiaadshaaeqaaaaaaO GaayjkaiaawMcaaaaa@B82E@