Skip to content
RDP 2013-08: International Business Cycles with Complete Markets
Equation
χ
=
(
1
−
b
β
)
(
1
−
α
)
k
s
s
α
n
s
s
α
+
η
=
(
1
−
b
β
)
(
1
−
α
)
(
α
1
/
β
−
1
+
δ
)
α
1
−
α
n
s
s
−
η
=
(
1
−
0.73
⋅
0.989
)
(
1
−
0.36
)
(
0.36
1
/
0.989
−
1
+
0.025
)
0.36
1
−
0.36
(
1
/
3
)
−
(
1
/
1.43
)
=
1.401.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@ABB4@