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RDP 2013-08: International Business Cycles with Complete Markets
Equation (5)
c
j
(
s
t
)
+
i
j
(
s
t
)
+
∑
s
t
+
1
∈
S
Q
(
s
t
,
s
t
+
1
)
B
j
(
s
t
,
s
t
+
1
)
=
r
j
(
s
t
)
k
j
(
s
t
−
1
)
+
w
j
(
s
t
)
n
j
(
s
t
)
+
B
j
(
s
t
−
1
,
s
t
)
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@85D8@