RDP 8601: Classical Models and Unobserved Aggregates Equation

Γ 1 =(1/(1+α))[α,1,(1+α+αβ+γ),0 ] ′ Γ 2 =(1/(1+α))[−α,α,α(γ−β),0 ] ′ Γ 3 =[0,τ,τ(γ+δ),τ ] ′ Γ 4 =[ 0 0 0 0 λ π ρ θ λ(γ+δ) π(γ+δ) ρ(γ+δ) θ(γ+δ) λ π ρ θ ] Δ 1 =(1/(1+α))[ α 1 1 −1 δ+αδ+αβ+γ β−γ 1+α 0 ] Δ 2 =(1/(1+α))[ α 0 1 0 αβ+γ 1 0 0 ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHto WrdaWgaaWcbaGaaGymaaqabaGccqGH9aqpcaGGOaGaaGymaiaac+ca caGGOaGaaGymaiabgUcaRiabeg7aHjaacMcacaGGPaGaai4waiabeg 7aHjaacYcacaaIXaGaaiilaiaacIcacaaIXaGaey4kaSIaeqySdeMa ey4kaSIaeqySdeMaeqOSdiMaey4kaSIaeq4SdCMaaiykaiaacYcaca aIWaGabiyxayaafaaabaGaeu4KdC0aaSbaaSqaaiaaikdaaeqaaOGa eyypa0JaaiikaiaaigdacaGGVaGaaiikaiaaigdacqGHRaWkcqaHXo qycaGGPaGaaiykaiaacUfacqGHsislcqaHXoqycaGGSaGaeqySdeMa aiilaiabeg7aHjaacIcacqaHZoWzcqGHsislcqaHYoGycaGGPaGaai ilaiaaicdaceGGDbGbauaaaeaacqqHtoWrdaWgaaWcbaGaaG4maaqa baGccqGH9aqpcaGGBbGaaGimaiaacYcacqaHepaDcaGGSaGaeqiXdq Naaiikaiabeo7aNjabgUcaRiabes7aKjaacMcacaGGSaGaeqiXdqNa biyxayaafaaabaGaeu4KdC0aaSbaaSqaaiaaisdaaeqaaOGaeyypa0 ZaamWaaeaafaqabeabeaaaaaqaaiaaicdaaeaacaaIWaaabaGaaGim aaqaaiaaicdaaeaacqaH7oaBaeaacqaHapaCaeaacqaHbpGCaeaacq aH4oqCaeaacqaH7oaBcaGGOaGaeq4SdCMaey4kaSIaeqiTdqMaaiyk aaqaaiabec8aWjaacIcacqaHZoWzcqGHRaWkcqaH0oazcaGGPaaaba GaeqyWdiNaaiikaiabeo7aNjabgUcaRiabes7aKjaacMcaaeaacqaH 4oqCcaGGOaGaeq4SdCMaey4kaSIaeqiTdqMaaiykaaqaaiabeU7aSb qaaiabec8aWbqaaiabeg8aYbqaaiabeI7aXbaaaiaawUfacaGLDbaa aeaacqqHuoardaWgaaWcbaGaaGymaaqabaGccqGH9aqpcaGGOaGaaG ymaiaac+cacaGGOaGaaGymaiabgUcaRiabeg7aHjaacMcacaGGPaWa amWaaeaafaqabeabcaaaaeaacqaHXoqyaeaacaaIXaaabaGaaGymaa qaaiabgkHiTiaaigdaaeaacqaH0oazcqGHRaWkcqaHXoqycqaH0oaz cqGHRaWkcqaHXoqycqaHYoGycqGHRaWkcqaHZoWzaeaacqaHYoGycq GHsislcqaHZoWzaeaacaaIXaGaey4kaSIaeqySdegabaGaaGimaaaa aiaawUfacaGLDbaaaeaacqqHuoardaWgaaWcbaGaaGOmaaqabaGccq GH9aqpcaGGOaGaaGymaiaac+cacaGGOaGaaGymaiabgUcaRiabeg7a HjaacMcacaGGPaWaamWaaeaafaqabeabcaaaaeaacqaHXoqyaeaaca aIWaaabaGaaGymaaqaaiaaicdaaeaacqaHXoqycqaHYoGycqGHRaWk cqaHZoWzaeaacaaIXaaabaGaaGimaaqaaiaaicdaaaaacaGLBbGaay zxaaaaaaa@F237@