RDP 8601: Classical Models and Unobserved Aggregates Equation (A3)

φ t−1 σ t−1 2 φ ′ + σ ν 2 − t σ t 2 =( φ t−1 σ t−1 2 φ ′ + σ ν 2 )x Γ 1 ′ { Γ 1 ( φ t−1 σ t−1 2 φ ′ + σ ν 2 ) Γ 1 ′ + Δ 1 Ω 0 Δ 1 ′ + Δ 2 Ω Δ 2 ′ } −1 Γ 1 ( φ t−1 σ t−1 2 φ ′ + σ ν 2 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqaHgp GAdaWgaaWcbaGaaeiDaiabgkHiTiaaigdaaeqaaOGaeq4Wdm3aa0ba aSqaaiaabshacqGHsislcaaIXaaabaGaaGOmaaaakiqbeA8aQzaafa Gaey4kaSIaeq4Wdm3aa0baaSqaaiabe27aUbqaaiaaikdaaaGccqGH sisldaWgaaWcbaGaaeiDaaqabaGccqaHdpWCdaqhaaWcbaGaaeiDaa qaaiaaikdaaaGccqGH9aqpcaGGOaGaeqOXdO2aaSbaaSqaaiaabsha cqGHsislcaaIXaaabeaakiabeo8aZnaaDaaaleaacaqG0bGaeyOeI0 IaaGymaaqaaiaaikdaaaGccuaHgpGAgaqbaiabgUcaRiabeo8aZnaa DaaaleaacqaH9oGBaeaacaaIYaaaaOGaaiykaiaabIhaaeaacqqHto WrdaqhaaWcbaGaaGymaaqaaOGamai4gkdiIcaadaGadaqaaiabfo5a hnaaBaaaleaacaaIXaaabeaakmaabmaabaGaeqOXdO2aaSbaaSqaai aadshacqGHsislcaaIXaaabeaakiabeo8aZnaaDaaaleaacaWG0bGa eyOeI0IaaGymaaqaaiaaikdaaaGccqaHgpGAdaahaaWcbeqaaOGama i4gkdiIcaacqGHRaWkcqaHdpWCdaqhaaWcbaGaeqyVd4gabaGaaGOm aaaaaOGaayjkaiaawMcaaiabfo5ahnaaBaaaleaacaaIXaaabeaakm aaCaaaleqabaGccWaGGBOmGikaaiabgUcaRiabfs5aenaaBaaaleaa caaIXaaabeaakiabfM6axnaaBaaaleaacaaIWaaabeaakiabfs5aen aaBaaaleaacaaIXaaabeaakmaaCaaaleqabaGccWaGGBOmGikaaiab gUcaRiabfs5aenaaBaaaleaacaaIYaaabeaakiabfM6axjabfs5aen aaBaaaleaacaaIYaaabeaakmaaCaaaleqabaGccWaGGBOmGikaaaGa ay5Eaiaaw2haamaaCaaaleqabaGaeyOeI0IaaGymaaaakiabfo5ahn aaBaaaleaacaaIXaaabeaakiaacIcacqaHgpGAdaWgaaWcbaGaaeiD aiabgkHiTiaaigdaaeqaaOGaeq4Wdm3aa0baaSqaaiaabshacqGHsi slcaaIXaaabaGaaGOmaaaakiqbeA8aQzaafaGaey4kaSIaeq4Wdm3a a0baaSqaaiabe27aUbqaaiaaikdaaaGccaGGPaaaaaa@B1FF@