RDP 8710: Transmission of External Shocks in the RBII Model
Equation
DlogK
h
=
α
3
log
(
K
^
h
/
K
h
)
+
β
11
log
(
L
/
ϕ
0
N
)
K
^
h
=
K
h
0
y
d
e
−
β
12
r
ℓ
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