Skip to content
RDP 9306: Inventories and the Business Cycle
Equation (9)
S
t
=
ϕ
S
t
−
1
+
η
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaai4uamaaBa aaleaacaWG0baabeaakiabg2da9iabew9aMjaadofadaWgaaWcbaGa amiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeq4TdG2aaSbaaSqaai aadshaaeqaaaaa@422C@