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RDP 2016-08: The Slowdown in US Productivity Growth: Breaks and Beliefs
Equation (B3)
π
t
=
π
1
π
t
−
1
+
π
2
E
t
π
t
+
1
+
π
3
m
c
t
+
λ
p
,
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqiWda3aaSbaaSqaaiaaigdaaeqaaOGaeqiWda3aaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiabec8aWnaaBaaaleaacaaIYaaabeaakiaadweadaWgaaWcbaGaamiDaaqabaGccqaHapaCdaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaey4kaSIaeqiWda3aaSbaaSqaaiaaiodaaeqaaOGaamyBaiaadogadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH7oaBdaWgaaWcbaGaamiCaiaacYcacaWG0baabeaaaaa@5736@