RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions?
Equation (6)
c
t
−
ω
e
e
t
−
ω
n
n
t
−
ω
h
y
t
≈
∑
i
=
1
∞
ρ
w
i
(
r
t
+
i
w
−
ω
h
r
t
+
i
h
−
Δ
c
t
+
i
+
ω
h
Δ
y
t
+
i
)
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