RDP 8710: Transmission of External Shocks in the RBII Model
Equation
DlogT
11
=
α
16
log
(
T
^
11
/
T
11
)
+
β
53
(
Dlog
T
^
11
−
λ
2
)
T
^
11
=
T
11
0
t
1
WL
t
1
=
t
11
(
W
/
W
0
e
[
λ
2
−
λ
1
+
λ
4
]
t
)
β
54
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