RDP 9306: Inventories and the Business Cycle
Equation (16)
E
[
ε
t
μ
t
]
=
E
[
(
ϕ
t
+
φ
t
)
(
ν
t
+
ζ
t
)
]
=
E
[
ϕ
t
ν
t
]
+
E
[
φ
t
ζ
t
]
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