RDP 2013-08: International Business Cycles with Complete Markets Equation

Y t 1 ( ω ) ≡ ( c 1 t + 1 − b c 1 t − χ n 1 t + 1 1 + η 1 + η ) − σ , Y t 2 ( ω ) ≡ ( c 2 t + 1 − b c 2 t − χ n 2 t + 1 1 + η 1 + η ) − σ , Y t 3 ( ω ) ≡ β [ Λ 1 t + 1 R 1 t + 1 ] , Y t 4 ( ω ) ≡ Λ 2 t + 1 R 2 t + 1 k 2 t + 1 . MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@AA5A@