RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions?
Equation
z
t
i
=
z
t
i
y
t
i
=
(
I
−
A
˜
^
0
−
1
α
˜
^
*
β
′
−
A
˜
^
0
−
1
A
˜
^
2
)
y
t
−
1
i
+
A
˜
^
0
−
1
A
˜
^
2
y
t
−
2
i
+
ε
˜
t
i
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWG6b Waa0baaSqaaiaadshaaeaacaWGPbaaaOGaeyypa0JaamOEamaaDaaa leaacaWG0baabaGaamyAaaaaaOqaaGqabiaa=LhadaqhaaWcbaGaam iDaaqaaiaadMgaaaGccqGH9aqpdaqadaqaaiaa=LeacqGHsisldaqi aaqaaiqa=feagaacaaGaayPadaWaa0baaSqaaiaaicdaaeaacqGHsi slcaaIXaaaaOWaaecaaeaacuaHXoqygaacaaGaayPadaWaaWbaaSqa beaacaGGQaaaaOGaeqOSdi2aaWbaaSqabeaaiiaacqGFYaIOaaGccq GHsisldaqiaaqaaiqa=feagaacaaGaayPadaWaa0baaSqaaiaaicda aeaacqGHsislcaaIXaaaaOWaaecaaeaaceWFbbGbaGaaaiaawkWaam aaBaaaleaacaaIYaaabeaaaOGaayjkaiaawMcaaiaa=LhadaqhaaWc baGaamiDaiabgkHiTiaaigdaaeaacaWGPbaaaOGaey4kaSYaaecaae aaceWFbbGbaGaaaiaawkWaamaaDaaaleaacaaIWaaabaGaeyOeI0Ia aGymaaaakmaaHaaabaGab8xqayaaiaaacaGLcmaadaWgaaWcbaGaaG OmaaqabaGccaWF5bWaa0baaSqaaiaadshacqGHsislcaaIYaaabaGa amyAaaaakiabgUcaRiqbew7aLzaaiaWaa0baaSqaaiaadshaaeaaca WGPbaaaaaaaa@6CDE@