Conference-1989 Studies in Money and Credit
Equation
p
t
=
1
(
β
+
α
γ
+
α
β
γ
)
u
t
−
(
1
+
α
γ
)
(
β
+
α
β
γ
+
α
γ
)
v
t
−
(
λ
+
α
γ
+
α
γ
λ
)
(
1
−
α
γ
+
α
β
γ
)
y
t
−
1
+
p
t
−
1
y
t
=
β
(
β
+
α
γ
+
α
β
γ
)
u
t
+
α
γ
(
β
+
α
γ
+
α
β
γ
)
v
t
+
(
α
γ
λ
+
α
β
γ
)
(
β
+
α
γ
+
α
β
γ
)
y
t
−
1
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGWb WaaSbaaSqaaiaadshaaeqaaOGaeyypa0ZaaSaaaeaacaaIXaaabaWa aeWaaeaacqaHYoGycqGHRaWkcqaHXoqycqaHZoWzcqGHRaWkcqaHXo qycqaHYoGycqaHZoWzaiaawIcacaGLPaaaaaGaamyDamaaBaaaleaa caWG0baabeaakiabgkHiTmaalaaabaWaaeWaaeaacaaIXaGaey4kaS IaeqySdeMaeq4SdCgacaGLOaGaayzkaaaabaWaaeWaaeaacqaHYoGy cqGHRaWkcqaHXoqycqaHYoGycqaHZoWzcqGHRaWkcqaHXoqycqaHZo WzaiaawIcacaGLPaaaaaGaamODamaaBaaaleaacaWG0baabeaakiab gkHiTmaalaaabaWaaeWaaeaacqaH7oaBcqGHRaWkcqaHXoqycqaHZo WzcqGHRaWkcqaHXoqycqaHZoWzcqaH7oaBaiaawIcacaGLPaaaaeaa daqadaqaaiaaigdacqGHsislcqaHXoqycqaHZoWzcqGHRaWkcqaHXo qycqaHYoGycqaHZoWzaiaawIcacaGLPaaaaaGaamyEamaaBaaaleaa caWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcaWGWbWaaSbaaSqaai aadshacqGHsislcaaIXaaabeaaaOqaaiaadMhadaWgaaWcbaGaamiD aaqabaGccqGH9aqpdaWcaaqaaiabek7aIbqaamaabmaabaGaeqOSdi Maey4kaSIaeqySdeMaeq4SdCMaey4kaSIaeqySdeMaeqOSdiMaeq4S dCgacaGLOaGaayzkaaaaaiaadwhadaWgaaWcbaGaamiDaaqabaGccq GHRaWkdaWcaaqaaiabeg7aHjabeo7aNbqaamaabmaabaGaeqOSdiMa ey4kaSIaeqySdeMaeq4SdCMaey4kaSIaeqySdeMaeqOSdiMaeq4SdC gacaGLOaGaayzkaaaaaiaadAhadaWgaaWcbaGaamiDaaqabaGccqGH RaWkdaWcaaqaamaabmaabaGaeqySdeMaeq4SdCMaeq4UdWMaey4kaS IaeqySdeMaeqOSdiMaeq4SdCgacaGLOaGaayzkaaaabaWaaeWaaeaa cqaHYoGycqGHRaWkcqaHXoqycqaHZoWzcqGHRaWkcqaHXoqycqaHYo GycqaHZoWzaiaawIcacaGLPaaaaaGaamyEamaaBaaaleaacaWG0bGa eyOeI0IaaGymaaqabaGccaGGUaaaaaa@C96A@