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RDP 2013-08: International Business Cycles with Complete Markets
Equation (8)
−
Λ
j
(
s
t
)
u
3
(
c
j
(
s
t
)
,
h
j
(
s
t
−
1
)
,
n
j
(
s
t
)
)
=
1
z
j
(
s
t
)
f
2
(
k
j
(
s
t
−
1
)
,
n
j
(
s
t
)
)
,
for
j
∈
J
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeyOeI0YaaS aaaeaacqqHBoatdaWgaaWcbaGaamOAaaqabaGcdaqadaqaaiaadoha daahaaWcbeqaaiaadshaaaaakiaawIcacaGLPaaaaeaacaWG1bWaaS baaSqaaiaaiodaaeqaaOWaaeWaaeaacaWGJbWaaSbaaSqaaiaadQga aeqaaOWaaeWaaeaacaWGZbWaaWbaaSqabeaacaWG0baaaaGccaGLOa GaayzkaaGaaiilaiaadIgadaWgaaWcbaGaamOAaaqabaGcdaqadaqa aiaadohadaahaaWcbeqaaiaadshacqGHsislcaaIXaaaaaGccaGLOa GaayzkaaGaaiilaiaad6gadaWgaaWcbaGaamOAaaqabaGcdaqadaqa aiaadohadaahaaWcbeqaaiaadshaaaaakiaawIcacaGLPaaaaiaawI cacaGLPaaaaaGaeyypa0ZaaSaaaeaacaaIXaaabaGaamOEamaaBaaa leaacaWGQbaabeaakmaabmaabaGaam4CamaaCaaaleqabaGaamiDaa aaaOGaayjkaiaawMcaaiaadAgadaWgaaWcbaGaaGOmaaqabaGcdaqa daqaaiaadUgadaWgaaWcbaGaamOAaaqabaGcdaqadaqaaiaadohada ahaaWcbeqaaiaadshacqGHsislcaaIXaaaaaGccaGLOaGaayzkaaGa aiilaiaad6gadaWgaaWcbaGaamOAaaqabaGcdaqadaqaaiaadohada ahaaWcbeqaaiaadshaaaaakiaawIcacaGLPaaaaiaawIcacaGLPaaa aaGaaiilaiaabccacaqGMbGaae4BaiaabkhacaqGGaGaamOAaGGaai ab=HGiolaadQeacaGGSaaaaa@76B4@