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RDP 2013-08: International Business Cycles with Complete Markets
Equation (11)
γ
=
(
1
+
(
1
−
b
β
)
(
1
−
n
s
s
)
w
s
s
(
1
−
b
)
c
s
s
)
−
1
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbiqaaWOfcqaHZoWzcqGH9aqpdaqadaqaaiaaigdacqGHRaWkdaWcaaqaamaabmaabaGaaGymaiabgkHiTiaadkgacqaHYoGyaiaawIcacaGLPaaadaqadaqaaiaaigdacqGHsislcaWGUbWaaSbaaSqaaiaadohacaWGZbaabeaaaOGaayjkaiaawMcaaiaadEhadaWgaaWcbaGaam4CaiaadohaaeqaaaGcbaWaaeWaaeaacaaIXaGaeyOeI0IaamOyaaGaayjkaiaawMcaaiaadogadaWgaaWcbaGaam4CaiaadohaaeqaaaaaaOGaayjkaiaawMcaamaaCaaaleqabaGaeyOeI0IaaGymaaaakiaacYcaaaa@5556@