Skip to content
RDP 2009-08: Leverage Constraints and the International Transmission of Shocks
Equation (7)
μ
t
=
E
t
β
I
(
C
t
I
)
U
′
(
C
t
+
1
I
)
[
ω
t
r
1
,
t
+
1
+
(
1
−
ω
t
)
r
2
,
t
+
1
−
R
t
1
−
κ
]
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiVd02aaS baaSqaaiaadshaaeqaaOGaeyypa0JaamyramaaBaaaleaacaWG0baa beaakiabek7aInaaCaaaleqabaGaamysaaaakmaabmaabaGaam4qam aaDaaaleaacaWG0baabaGaamysaaaaaOGaayjkaiaawMcaaiaadwfa iiaacqWFYaIOdaqadaqaaiaadoeadaqhaaWcbaGaamiDaiabgUcaRi aaigdaaeaacaWGjbaaaaGccaGLOaGaayzkaaWaamWaaeaadaWcaaqa aiabeM8a3naaBaaaleaacaWG0baabeaakiaadkhadaWgaaWcbaGaaG ymaiaacYcacaWG0bGaey4kaSIaaGymaaqabaGccqGHRaWkdaqadaqa aiaaigdacqGHsislcqaHjpWDdaWgaaWcbaGaamiDaaqabaaakiaawI cacaGLPaaacaWGYbWaaSbaaSqaaiaaikdacaGGSaGaamiDaiabgUca RiaaigdaaeqaaOGaeyOeI0IaamOuamaaBaaaleaacaWG0baabeaaaO qaaiaaigdacqGHsislcqaH6oWAaaaacaGLBbGaayzxaaGaaiilaaaa @687F@