RDP 2016-12: The Household Cash Flow Channel of Monetary Policy
Equation
Y
C
F
≡
Y
D
−
M
≡
I
R
+
Y
O
−
T
−
M
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamywamaaCaaaleqabaGaam4qaiaadAeaaaGccqGHHjIUcaWGzbWaaWbaaSqabeaacaWGebaaaOGaeyOeI0IaamytaiabggMi6kaadMeacaWGsbGaey4kaSIaamywamaaCaaaleqabaGaam4taaaakiabgkHiTiaadsfacqGHsislcaWGnbaaaa@47C0@