RDP 2011-04: Assessing Some Models of the Impact of Financial Stress Upon Business Cycles
Equation
∧
t
=
1
(
{
Δ
y
t
>0,
Δ
2
y
t
>
0
,
Δ
y
t
+
1
<
0
,
Δ
2
y
t
+
2
<
0
}
)
∨
t
=
1
(
{
Δ
y
t
<0,
Δ
2
y
t
<
0
,
Δ
y
t
+
1
>
0
,
Δ
2
y
t
+
2
>
0
}
)
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7E13@