RDP 2017-06: Uncertainty and Monetary Policy in Good and Bad Times Equation

GIRF ^ ( i ) ( h,δ, λ i )= B 1 j=1 B GIR F ( i,j ) ( h,δ, λ i ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@5E29@