RDP 2013-08: International Business Cycles with Complete Markets
Equation (18)
c
1
t
=
[
Ψ
(
ω
3
;
x
t
)
+
b
β
Ψ
(
ω
1
;
x
t
)
]
−
1
σ
+
b
c
1
t
−
1
+
χ
n
1
t
1
+
η
1
+
η
,
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