RDP 2013-08: International Business Cycles with Complete Markets
Equation (8)
−
Λ
j
(
s
t
)
u
3
(
c
j
(
s
t
)
,
h
j
(
s
t
−
1
)
,
n
j
(
s
t
)
)
=
1
z
j
(
s
t
)
f
2
(
k
j
(
s
t
−
1
)
,
n
j
(
s
t
)
)
,
for
j
∈
J
,
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