RDP 2008-10: Solving Linear Rational Expectations Models with Predictable Structural Changes
Equation (6)
(
Λ
11
Λ
12
0
Λ
22
)
(
w
1
,
t
w
2
,
t
)
=
(
Ω
11
Ω
12
0
Ω
22
)
(
w
1
,
t
−
1
w
2
,
t
−
1
)
+
(
Q
1
Q
2
)
(
C
+
Ψ
ε
t
+
Π
η
t
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaeWaaeaafa qabeGacaaabaGaeu4MdW0aaSbaaSqaaiaaigdacaaIXaaabeaaaOqa aiabfU5amnaaBaaaleaacaaIXaGaaGOmaaqabaaakeaacaaIWaaaba Gaeu4MdW0aaSbaaSqaaiaaikdacaaIYaaabeaaaaaakiaawIcacaGL PaaadaqadaqaauaabeqaceaaaeaacaWG3bWaaSbaaSqaaiaaigdaca GGSaGaamiDaaqabaaakeaacaWG3bWaaSbaaSqaaiaaikdacaGGSaGa amiDaaqabaaaaaGccaGLOaGaayzkaaGaeyypa0ZaaeWaaeaafaqabe GacaaabaGaeuyQdC1aaSbaaSqaaiaaigdacaaIXaaabeaaaOqaaiab fM6axnaaBaaaleaacaaIXaGaaGOmaaqabaaakeaacaaIWaaabaGaeu yQdC1aaSbaaSqaaiaaikdacaaIYaaabeaaaaaakiaawIcacaGLPaaa daqadaqaauaabeqaceaaaeaacaWG3bWaaSbaaSqaaiaaigdacaGGSa GaamiDaiabgkHiTiaaigdaaeqaaaGcbaGaam4DamaaBaaaleaacaaI YaGaaiilaiaadshacqGHsislcaaIXaaabeaaaaaakiaawIcacaGLPa aacqGHRaWkdaqadaqaauaabeqaceaaaeaacaWGrbWaaSbaaSqaaiaa igdaaeqaaaGcbaGaamyuamaaBaaaleaacaaIYaaabeaaaaaakiaawI cacaGLPaaadaqadaqaaiaadoeacqGHRaWkcqqHOoqwcqaH1oqzdaWg aaWcbaGaamiDaaqabaGccqGHRaWkcqGHpis1cqaH3oaAdaWgaaWcba GaamiDaaqabaaakiaawIcacaGLPaaaaaa@767D@