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RDP 8601: Classical Models and Unobserved Aggregates
Equation (20)
[
y
t
p
t
t
−
1
z
^
t
(
z
^
t
−
t
−
1
z
^
t
)
]
=
[
0
0
a
1
a
1
1
1
a
2
a
2
a
3
a
4
0
0
0
0
a
5
a
6
]
[
t
−
1
B
t
t
−
1
z
t
(
B
t
−
t
−
1
B
t
)
(
z
t
−
t
−
1
z
t
)
]
+
[
a
1
a
2
0
a
2
−
a
2
0
0
0
0
a
7
a
8
1
]
[
ε
t
d
ε
t
s
μ
t
]
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