RDP 9306: Inventories and the Business Cycle
Equation (10)
Y
t
=
α
+
(
λ
−
1
)
I
t
−
1
+
[
ρ
(
1
+
θ
)
(
1
−
λ
ξ
)
1
+
θ
−
λ
ρ
]
S
t
−
1
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