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RDP 2011-04: Assessing Some Models of the Impact of Financial Stress Upon Business Cycles
Equation (7)
Δ
ln
D
t
∗
=
Δ
q
t
∗
+
Δ
k
t
∗
+
γ
∗
+
100
Δ
ln
(
1
−
l
t
−
1
)
l
t
=
exp
(
(
q
t
∗
+
k
t
∗
−
n
t
∗
)
/
100
+
ln
(
K
¯
N
¯
)
)
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@75E8@