\begin{eqnarray}
   \ifnumber M_{t} & = & %\mathbf{M}_{t}/{P}_{t}
%\\ \ifnumber       & = &
(\mathbf{K}_{t}+\mathbf{K}_{t}^{\varepsilon}(\Theta_{t}{P}_{t})^{1-\varepsilon})/{P}_{t} \label{eq:decomposeM} \nonumber
\\ \ifnumber & = & K_{t}+K_{t}^{\varepsilon}\Theta_{t}^{1-\varepsilon} \label{eq:trueM} \nonumber
\\ \ifnumber & = & K_{t}+\Theta_{t}^{1-\varepsilon}(\varepsilon K_{t}^{\varepsilon-1} K_{t} + (1-\varepsilon) K_{t}^{\varepsilon}) \nonumber
\\ \ifnumber & = & \underbrace{\Rfree_{t}}_{\equiv 1+\varepsilon K_{t}^{\varepsilon-1}\Theta^{1-\varepsilon}_{t} } K_{t} + \underbrace{\Wage_{t}}_{\equiv (1-\varepsilon)K_{t}^{\varepsilon}\Theta_{t}^{-\varepsilon}} \Theta_{t}
\end{eqnarray}
