RDP 2016-08: The Slowdown in US Productivity Growth: Breaks and Beliefs
Equation (B8)
q
t
+
μ
t
=
γ
t
2
S
″
(
1
+
β
)
i
t
−
γ
t
2
S
″
i
t
−
1
−
β
γ
t
2
S
″
E
t
i
t
+
1
−
γ
t
2
S
″
(
β
ρ
z
−
1
)
z
t
+
λ
t
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