RDP 8703: Money Demand, Own Interest Rates and Deregulation
Equation (2)
m
−
p
=
β
o
+
Σ
j
=
0
J
(
Σ
i
=
1
I
β
ij
x
i
,
t
−
j
+
γ
j
(
m
−
p
)
t
−
j
−
1
)
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