Svensson, Lars E. O. (contributor) - 2005
supply, export demand, fiscal policy, productivity
growth, and so forth. They also construct projections of a number of … for both predetermined and forward-looking variables as well as judgment,
∙
X
t+1
Cx
t+1|t
¸
= A
∙
X
t
x
t
¸
+ Bi
t
+
∙
z …
t+1
0
¸
. (2.1)
Here, X
t
is a (column) n
X
-vector of predetermined variables (one of these may be unity to con …