RDP 2011-04: Assessing Some Models of the Impact of Financial Stress Upon Business Cycles Equation (1)

c ˜ t = α E t c ˜ t + 1 + ( 1 α ) c ˜ t 1 + θ r ˜ t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabm4yayaaiaWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySdeMaamyramaaBaaaleaacaWG0baabeaakiqadogagaacamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGHRaWkdaqadaqaaiaaigdacqGHsislcqaHXoqyaiaawIcacaGLPaaaceWGJbGbaGaadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeqiUdeNabmOCayaaiaWaaSbaaSqaaiaadshaaeqaaaaa@4EBE@