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

∧ t = 1 ( { Δ y t >0, Δ 2 y t > 0 , Δ y t + 1 < 0 , Δ 2 y t + 2 < 0 } ) ∨ t = 1 ( { Δ y t <0, Δ 2 y t < 0 , Δ y t + 1 > 0 , Δ 2 y t + 2 > 0 } ) , MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7E13@