RDP 2011-04: Assessing Some Models of the Impact of Financial Stress Upon Business Cycles
Equation
E
{
1
(
Δ
y
t
+
1
<
0
,
Δ
2
y
t
+
2
<
0
)
|
R
t
=
0
,
R
t
−
1
=
0
,
s
˜
t
}
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaacmaabaGaaGymamaabmaabaGaeuiLdqKaamyEamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGH8aapcaaIWaGaaiilaiabfs5aenaaBaaaleaacaaIYaaabeaakiaadMhadaWgaaWcbaGaamiDaiabgUcaRiaaikdaaeqaaOGaeyipaWJaaGimaaGaayjkaiaawMcaaiaacYhacaWGsbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaaGimaiaacYcacaWGsbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabg2da9iaaicdacaGGSaGabm4CayaaiaWaaSbaaSqaaiaadshaaeqaaaGccaGL7bGaayzFaaGaaiilaaaa@592C@