RDP 2017-06: Uncertainty and Monetary Policy in Good and Bad Times Equation

1 2 t=1 T ( X t W t ) Ω t 1 ( X t W t ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaacaaIXaaabaGaaGOmaaaadaaeWaqaamaabmaabaGaaCiwamaaBaaaleaacaWG0baabeaakiabgkHiTiabg+GivlaahEfadaqhaaWcbaGaamiDaaqaaeXatLxBI9gBGqvANvMCaGqbaiab=jdiIcaaaOGaayjkaiaawMcaaaWcbaGaamiDaiabg2da9iaaigdaaeaacaWGubaaniabggHiLdGcdaahaaWcbeqaaOGamai4gkdiIcaacaWHPoWaa0baaSqaaiaadshaaeaacqGHsislcaaIXaaaaOWaaeWaaeaacaWHybWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0Iaey4dIuTaaC4vamaaDaaaleaacaWG0baabaGae8NmGikaaaGccaGLOaGaayzkaaaaaa@5C3A@