RDP 2011-04: Assessing Some Models of the Impact of Financial Stress Upon Business Cycles Equation (6)

n t ˜ = K ¯ N ¯ r ˜ t K − ( K ¯ N ¯ − 1 ) ( s ˜ t − 1 + r ˜ t − 1 − π ˜ t ) + θ n ˜ t − 1 + ε t N W , MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@5D7D@