ricardomayerb edited A simple model.tex  almost 10 years ago

Commit id: 79e3bd0972043616a53996b46d8a7234fb5c55b4

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A_{t+1} = & A_{t}~ e^{a_{t+1}}, \quad A_0 ~\text{given}   \end{align}   and bal,ld  ferlmkv  \begin{align}  a_{t} & = \mu_{a} + \zeta_{a,t} + \sigma_{a} w_{a,t} , \quad w_{\zeta_a,t+1} \overset{iid}{\sim} N(0,1)\label{eq:toy_a_lagged_state}  \\ \zeta_{a,t} & = \rho_a \zeta_{a,t-1} + \sigma_{\zeta_a} w_{\zeta_a, t} , \quad w_{a,t} \overset{iid}{\sim} N(0,1)\label{eq:toy_zetaa_state} N(0,1)  \end{align}