RDP 2012-08: Estimation and Solution of Models with Expectations and Structural Changes Equation (10)

( I B t Q t + 1 ) 1 ( Γ t + B t C t + 1 ) =   C t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiikaiaadMeacqGHsislcaWGcbWaaSbaaSqaaiaadshaaeqaaOGaamyuamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccaGGPaWaaWbaaSqabeaacqGHsislcaaIXaaaaOGaaiikaiabfo5ahnaaBaaaleaacaWG0baabeaakiabgUcaRiaadkeadaWgaaWcbaGaamiDaaqabaGccaWGdbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiaacMcacqGH9aqpcaqGGaGaam4qamaaBaaaleaacaWG0baabeaaaaa@4E71@

Equation (11)

( I B t Q t + 1 ) 1 A t =   Q t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiikaiaadMeacqGHsislcaWGcbWaaSbaaSqaaiaadshaaeqaaOGaamyuamaaBaaaleaacaWG0baabeaakmaaBaaaleaacqGHRaWkcaaIXaaabeaakiaacMcadaahaaWcbeqaaiabgkHiTiaaigdaaaGccaWGbbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaaeiiaiaadgfadaWgaaWcbaGaamiDaaqabaaaaa@464E@

Equation (12)

( I B t Q t + 1 ) 1 D t = G t , MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiikaiaadMeacqGHsislcaWGcbWaaSbaaSqaaiaadshaaeqaaOGaamyuamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccaGGPaWaaWbaaSqabeaacqGHsislcaaIXaaaaOGaamiramaaBaaaleaacaWG0baabeaakiabg2da9iaadEeadaWgaaWcbaGaamiDaaqabaGccaGGSaaaaa@4628@