RDP 8601: Classical Models and Unobserved Aggregates
Equation (12)
x
t
=
Γ
1
z
t
+
Γ
2
t
−
1
z
t
+
Γ
3
t
−
1
z
t
−
1
+
Γ
4
x
t
−
1
+
Δ
1
ξ
t
o
+
Δ
2
ξ
t
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