Skip to content
RDP 2008-10: Solving Linear Rational Expectations Models with Predictable Structural Changes
Equation (18)
y
t
=
S
¯
0
+
S
¯
1
y
t
−
1
+
S
¯
2
ε
t
+
S
¯
y
IE
t
∑
j
=
1
∞
M
¯
j
−
1
Ω
¯
22
−
1
Q
¯
2
Ψ
¯
ε
t
+
j
t
≥
T
+
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGaaa qaaiaadMhadaWgaaWcbaGaamiDaaqabaGccqGH9aqpceWGtbGbaeba daWgaaWcbaGaaGimaaqabaGccqGHRaWkceWGtbGbaebadaWgaaWcba GaaGymaaqabaGccaWG5bWaaSbaaSqaaiaadshacqGHsislcaaIXaaa beaakiabgUcaRiqadofagaqeamaaBaaaleaacaaIYaaabeaakiabew 7aLnaaBaaaleaacaWG0baabeaakiabgUcaRiqadofagaqeamaaBaaa leaacaWG5baabeaakiaabMeacaqGfbWaaSbaaSqaaiaadshaaeqaaO WaaabCaeaaceWGnbGbaebadaahaaWcbeqaaiaadQgacqGHsislcaaI XaaaaOGafuyQdCLbaebadaqhaaWcbaGaaGOmaiaaikdaaeaacqGHsi slcaaIXaaaaOGabmyuayaaraWaaSbaaSqaaiaaikdaaeqaaOGafuiQ dKLbaebacqaH1oqzdaWgaaWcbaGaamiDaiabgUcaRiaadQgaaeqaaa qaaiaadQgacqGH9aqpcaaIXaaabaGaeyOhIukaniabggHiLdaakeaa caWG0bGaeyyzImRaamivaiabgUcaRiaaigdaaaaaaa@6980@