RDP 2011-04: Assessing Some Models of the Impact of Financial Stress Upon Business Cycles Equation (2)

Δ c ˜ t = α 1 α E t Δ c ˜ t + 1 + θ 1 α r ˜ t . MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKabm4yayaaiaWaaSbaaSqaaiaadshaaeqaaOGaeyypa0ZaaSaaaeaacqaHXoqyaeaacaaIXaGaeyOeI0IaeqySdegaaiaadweadaWgaaWcbaGaamiDaaqabaGccqqHuoarceWGJbGbaGaadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaey4kaSYaaSaaaeaacqaH4oqCaeaacaaIXaGaeyOeI0IaamyyaaaaceWGYbGbaGaadaWgaaWcbaGaamiDaaqabaGccaGGUaaaaa@4EBB@