RDP 2013-08: International Business Cycles with Complete Markets Equation

E t [ ( c 1 t + 1 b c 1 t χ n 1 t + 1 1 + η 1 + η ) σ ] = Ψ ( ω 1 ; x t ) E t [ ( c 2 t + 1 b c 2 t χ n 2 t + 1 1 + η 1 + η ) σ ] = Ψ ( ω 2 ; x t ) Λ 1 t = β E t [ Λ 1 t + 1 R 1 t + 1 ] = Ψ ( ω 3 ; x t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceiqabeaamAraai aadweadaWgaaWcbaGaamiDaaqabaGcdaWadaqaamaabmaabaGaam4y amaaBaaaleaacaaIXaGaamiDaiabgUcaRiaaigdaaeqaaOGaeyOeI0 IaamOyaiaadogadaWgaaWcbaGaaGymaiaadshaaeqaaOGaeyOeI0Ia eq4Xdm2aaSaaaeaacaWGUbWaa0baaSqaaiaaigdacaWG0bGaey4kaS IaaGymaaqaaiaaigdacqGHRaWkcqaH3oaAaaaakeaacaaIXaGaey4k aSIaeq4TdGgaaaGaayjkaiaawMcaamaaCaaaleqabaGaeyOeI0Iaeq 4WdmhaaaGccaGLBbGaayzxaaGaeyypa0JaeuiQdK1aaeWaaeaacqaH jpWDdaWgaaWcbaGaaGymaaqabaacbaGccaWF7aGaaCiEamaaBaaale aacaWG0baabeaaaOGaayjkaiaawMcaaaqaaiaadweadaWgaaWcbaGa amiDaaqabaGcdaWadaqaamaabmaabaGaam4yamaaBaaaleaacaaIYa GaamiDaiabgUcaRiaaigdaaeqaaOGaeyOeI0IaamOyaiaadogadaWg aaWcbaGaaGOmaiaadshaaeqaaOGaeyOeI0Iaeq4Xdm2aaSaaaeaaca WGUbWaa0baaSqaaiaaikdacaWG0bGaey4kaSIaaGymaaqaaiaaigda cqGHRaWkcqaH3oaAaaaakeaacaaIXaGaey4kaSIaeq4TdGgaaaGaay jkaiaawMcaamaaCaaaleqabaGaeyOeI0Iaeq4WdmhaaaGccaGLBbGa ayzxaaGaeyypa0JaeuiQdK1aaeWaaeaacqaHjpWDdaWgaaWcbaGaaG OmaaqabaGccaWF7aGaaCiEamaaBaaaleaacaWG0baabeaaaOGaayjk aiaawMcaaaqaaiabfU5amnaaBaaaleaacaaIXaGaamiDaaqabaGccq GH9aqpcqaHYoGycaWGfbWaaSbaaSqaaiaadshaaeqaaOWaamWaaeaa cqqHBoatdaWgaaWcbaGaaGymaiaadshacqGHRaWkcaaIXaaabeaaki aadkfadaWgaaWcbaGaaGymaiaadshacqGHRaWkcaaIXaaabeaaaOGa ay5waiaaw2faaiabg2da9iabfI6aznaabmaabaGaeqyYdC3aaSbaaS qaaiaaiodaaeqaaOGaa83oaiaahIhadaWgaaWcbaGaamiDaaqabaaa kiaawIcacaGLPaaaaaaa@A5B7@