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RDP 2013-08: International Business Cycles with Complete Markets
Equation
B
H
(
s
t
,
s
t
+
1
)
+
B
F
(
s
t
,
s
t
+
1
)
=
0
,
for all
s
t
+
1
∈
S
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOqamaaBa aaleaacaWGibaabeaakmaabmaabaGaam4CamaaCaaaleqabaGaamiD aaaakiaacYcacaWGZbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabe aaaOGaayjkaiaawMcaaiabgUcaRiaadkeadaWgaaWcbaGaamOraaqa baGcdaqadaqaaiaadohadaahaaWcbeqaaiaadshaaaGccaGGSaGaam 4CamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaakiaawIcacaGL PaaacqGH9aqpcaaIWaGaaiilaiaabccacaqGMbGaae4Baiaabkhaca qGGaGaaeyyaiaabYgacaqGSbGaaeiiaiaadohadaWgaaWcbaGaamiD aiabgUcaRiaaigdaaeqaaGGaaOGae8hcI4mcbiGaa43Caiaac6caaa a@5B9A@