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RDP 8601: Classical Models and Unobserved Aggregates
Equation
κ
t
=
{
φ
2
σ
2
+
σ
ν
2
}
{
σ
d
2
σ
μ
2
+
(
φ
2
σ
2
+
σ
ν
2
)
(
σ
μ
2
+
σ
d
2
)
}
−
1
x
[
(
σ
μ
2
−
β
σ
d
2
)
,
(
σ
μ
2
−
γ
σ
d
2
)
,
σ
d
2
,
(
−
σ
μ
2
−
δ
σ
d
2
)
]
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