RDP 2013-08: International Business Cycles with Complete Markets
Equation
n
1
t
1
+
η
=
(
1
−
α
)
z
1
t
k
1
t
α
χ
Λ
1
t
(
c
1
t
−
b
c
1
t
−
1
−
χ
n
1
t
1
+
η
1
+
η
)
−
σ
=
(
1
−
α
)
z
1
t
k
1
t
α
χ
Ψ
(
ω
3
;
x
t
)
Ψ
(
ω
3
;
x
t
)
+
b
β
Ψ
(
ω
1
;
x
t
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceiqabeaamAraai aad6gadaqhaaWcbaGaaGymaiaadshaaeaacaaIXaGaey4kaSIaeq4T dGgaaOGaeyypa0ZaaSaaaeaadaqadaqaaiaaigdacqGHsislcqaHXo qyaiaawIcacaGLPaaacaWG6bWaaSbaaSqaaiaaigdacaWG0baabeaa kiaadUgadaqhaaWcbaGaaGymaiaadshaaeaacqaHXoqyaaaakeaacq aHhpWyaaWaaSaaaeaacqqHBoatdaWgaaWcbaGaaGymaiaadshaaeqa aaGcbaWaaeWaaeaacaWGJbWaaSbaaSqaaiaaigdacaWG0baabeaaki abgkHiTiaadkgacaWGJbWaaSbaaSqaaiaaigdacaWG0bGaeyOeI0Ia aGymaaqabaGccqGHsislcqaHhpWydaWcaaqaaiaad6gadaqhaaWcba GaaGymaiaadshaaeaacaaIXaGaey4kaSIaeq4TdGgaaaGcbaGaaGym aiabgUcaRiabeE7aObaaaiaawIcacaGLPaaadaahaaWcbeqaaiabgk HiTiabeo8aZbaaaaaakeaacqGH9aqpdaWcaaqaamaabmaabaGaaGym aiabgkHiTiabeg7aHbGaayjkaiaawMcaaiaadQhadaWgaaWcbaGaaG ymaiaadshaaeqaaOGaam4AamaaDaaaleaacaaIXaGaamiDaaqaaiab eg7aHbaaaOqaaiabeE8aJbaadaWcaaqaaiabfI6aznaabmaabaGaeq yYdC3aaSbaaSqaaiaaiodaaeqaaGqaaOGaa83oaiaahIhadaWgaaWc baGaamiDaaqabaaakiaawIcacaGLPaaaaeaacqqHOoqwdaqadaqaai abeM8a3naaBaaaleaacaaIZaaabeaakiaa=TdacaWH4bWaaSbaaSqa aiaadshaaeqaaaGccaGLOaGaayzkaaGaey4kaSIaamOyaiabek7aIj abfI6aznaabmaabaGaeqyYdC3aaSbaaSqaaiaaigdaaeqaaOGaa83o aiaahIhadaWgaaWcbaGaamiDaaqabaaakiaawIcacaGLPaaaaaGaai Olaaaaaa@966B@