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

[ B 11 0 B 12 0 B 21 0 1 ] [ Δ y ˜ 1 t Δ y 22 t ] = α * β [ y ˜ 1 t 1 y 22 t 1 ] [ B 11 2 B 12 2 B 21 2 B 22 2 ] [ Δ y ˜ 1 t 1 Δ y 22 t 1 ] + [ ε ˜ t P , T ε t T , b ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaamWaaeaafa qabeGacaaabaGaamOqamaaDaaaleaacaaIXaGaaGymaaqaaiaaicda aaaakeaacaWGcbWaa0baaSqaaiaaigdacaaIYaaabaGaaGimaaaaaO qaaiaadkeadaqhaaWcbaGaaGOmaiaaigdaaeaacaaIWaaaaaGcbaGa aGymaaaaaiaawUfacaGLDbaadaWadaqaauaabeqaceaaaeaacqqHuo arieqaceWF5bGbaGaadaWgaaWcbaGaaGymaiaadshaaeqaaaGcbaGa euiLdqKaa8xEamaaBaaaleaacaaIYaGaaGOmaiaadshaaeqaaaaaaO Gaay5waiaaw2faaiabg2da9iabgkHiTiabeg7aHnaaCaaaleqabaGa aiOkaaaakiabek7aIHGaaiab+jdiIoaadmaabaqbaeqabiqaaaqaai qa=LhagaacamaaBaaaleaacaaIXaGaamiDaiabgkHiTiaaigdaaeqa aaGcbaGaa8xEamaaBaaaleaacaaIYaGaaGOmaiaadshacqGHsislca aIXaaabeaaaaaakiaawUfacaGLDbaacqGHsisldaWadaqaauaabeqa ciaaaeaacaWGcbWaa0baaSqaaiaaigdacaaIXaaabaGaaGOmaaaaaO qaaiaadkeadaqhaaWcbaGaaGymaiaaikdaaeaacaaIYaaaaaGcbaGa amOqamaaDaaaleaacaaIYaGaaGymaaqaaiaaikdaaaaakeaacaWGcb Waa0baaSqaaiaaikdacaaIYaaabaGaaGOmaaaaaaaakiaawUfacaGL DbaadaWadaqaauaabeqaceaaaeaacqqHuoarceWF5bGbaGaadaWgaa WcbaGaaGymaiaadshacqGHsislcaaIXaaabeaaaOqaaiabfs5aejaa =LhadaWgaaWcbaGaaGOmaiaaikdacaWG0bGaeyOeI0IaaGymaaqaba aaaaGccaGLBbGaayzxaaGaey4kaSYaamWaaeaafaqabeGabaaabaGa fqyTduMbaGaadaqhaaWcbaGaamiDaaqaaiaadcfacaGGSaGaamivaa aaaOqaaiabew7aLnaaDaaaleaacaWG0baabaGaamivaiaacYcacaWG IbaaaaaaaOGaay5waiaaw2faaaaa@8CF3@