Skip to content
RDP 2016-12: The Household Cash Flow Channel of Monetary Policy
Equation
MPC
=
∂
C
∂
Y
C
F
=
(
Δ
C
Δ
Y
C
F
×
Y
¯
C
F
C
¯
)
×
C
¯
Y
C
F
¯
¯
=
β
×
C
¯
Y
C
F
¯
¯
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@5C42@