RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation (4)

e t ≈ q t + ρ d p t + ( 1 − ρ d ) d t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyzamaaBa aaleaacaWG0baabeaakiabgIKi7kaadghadaWgaaWcbaGaamiDaaqa baGccqGHRaWkcqaHbpGCdaWgaaWcbaGaamizaaqabaGccaWGWbWaaS baaSqaaiaadshaaeqaaOGaey4kaSYaaeWaaeaacaaIXaGaeyOeI0Ia eqyWdi3aaSbaaSqaaiaadsgaaeqaaaGccaGLOaGaayzkaaGaamizam aaBaaaleaacaWG0baabeaaaaa@4ACA@