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RDP 2008-10: Solving Linear Rational Expectations Models with Predictable Structural Changes
Equation (6)
(
Λ
11
Λ
12
0
Λ
22
)
(
w
1
,
t
w
2
,
t
)
=
(
Ω
11
Ω
12
0
Ω
22
)
(
w
1
,
t
−
1
w
2
,
t
−
1
)
+
(
Q
1
Q
2
)
(
C
+
Ψ
ε
t
+
Π
η
t
)
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