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RDP 2016-08: The Slowdown in US Productivity Growth: Breaks and Beliefs
Equation (B8)
q
t
+
μ
t
=
γ
t
2
S
″
(
1
+
β
)
i
t
−
γ
t
2
S
″
i
t
−
1
−
β
γ
t
2
S
″
E
t
i
t
+
1
−
γ
t
2
S
″
(
β
ρ
z
−
1
)
z
t
+
λ
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyCamaaBaaaleaacaWG0baabeaakiabgUcaRiabeY7aTnaaBaaaleaacaWG0baabeaakiabg2da9iabeo7aNnaaDaaaleaacaWG0baabaGaaGOmaaaakiaadofarmWu51MyVXgiuL2zLjhifHhCLjhDaGqbaiab=ndiYoaabmaabaGaaGymaiabgUcaRiabek7aIbGaayjkaiaawMcaaiaadMgadaWgaaWcbaGaamiDaaqabaGccqGHsislcqaHZoWzdaqhaaWcbaGaamiDaaqaaiaaikdaaaGccaWGtbGae83mGiRaamyAamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHsislcqaHYoGycqaHZoWzdaqhaaWcbaGaamiDaaqaaiaaikdaaaGccaWGtbGae83mGiRaamyramaaBaaaleaacaWG0baabeaakiaadMgadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeyOeI0Iaeq4SdC2aa0baaSqaaiaadshaaeaacaaIYaaaaOGaam4uaiab=ndiYoaabmaabaGaeqOSdiMaeqyWdi3aaSbaaSqaaiaadQhaaeqaaOGaeyOeI0IaaGymaaGaayjkaiaawMcaaiaadQhadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH7oaBdaWgaaWcbaGaamiDaaqabaaaaa@7E78@