Skip to content
RDP 2013-08: International Business Cycles with Complete Markets
Equation
[
log
(
z
1
(
s
t
)
)
log
(
z
2
(
s
t
)
)
]
=
[
0.95
0
0
0.95
]
[
log
(
z
1
(
s
t
−
1
)
)
log
(
z
2
(
s
t
−
1
)
)
]
+
[
ε
1
(
s
t
)
ε
2
(
s
t
)
]
.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@8368@