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

vec = ( t=1 T [ Ω t 1 W t W t ] ) 1 vec( t=1 T [ W t X t Ω t 1 ] ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6C4B@