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RDP 8712: Policy Analysis with the MSG2 Model
Equation (1.21)
I
t
=
J
t
(
1+
.5β
15
(
J
t
/K
t
)
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeysamaaBa aaleaacaqG0baabeaakiaaykW7caqG9aGaaGPaVlaabQeadaWgaaWc baGaaeiDaaqabaGcdaqadaqaaiaabgdacaqGRaGaaeOlaiaabwdaca qGYoWaaSbaaSqaaiaabgdacaqG1aaabeaakmaabmaabaGaaeOsamaa BaaaleaacaqG0baabeaakiaab+cacaqGlbWaaSbaaSqaaiaabshaae qaaaGccaGLOaGaayzkaaaacaGLOaGaayzkaaaaaa@4B1D@