RDP 2012-02: The Role of Credit Supply in the Australian Economy
Equation (1)
Γ
0
Y
t
=
Γ
(
L
)
Y
t
−
1
+
Σ
1
2
e
t
E
(
e
t
)
=
0
E
(
e
t
e
t
′
)
=
I
E
(
e
t
e
t
+
s
′
)
=
0
,
∀
s
≠
0
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