[Tex/LaTex] How to increase vertical spacing between minipage and text

minipagespacing

I was trying to include two equations side-by-side in a document, while retaining the labels following this answer.

However the spacing between the minipage and the text is too small.
How can I increase it to match the "default" vertical spacing used between other equations and text?

Here is the code

 Let us now suppose that the sequence of variables follows a stochastic
 Markov evolution model defined by

 \begin{minipage}[t]{0.45\columnwidth}%
 \begin{equation}
 \nu_{t}=\frac{\beta\nu_{t-1}}{\gamma_{t}}\label{eq:v_evolution}
 \end{equation}
 %
 \end{minipage}%
 \begin{minipage}[t]{0.45\columnwidth}%
 \begin{equation}
 \phi_{t}=\frac{\phi_{t-1}\gamma_{t}}{\beta}\label{eq:v_precision_evolution}
 \end{equation}
 %
 \end{minipage}

 for the variance and the precision, respectively, where $\gamma_{t}$
 is a time $t$ random impulse, with distribution

And here is the result:

minipage spacing

Thank you!

Best Answer

I'm not sure I'd split it that way but:

Markov evolution model defined by

 \vspace{\abovedisplayskip}
 \begin{minipage}[t]{0.45\columnwidth}%
 \begin{equation}
 \nu_{t}=\frac{\beta\nu_{t-1}}{\gamma_{t}}\label{eq:v_evolution}
 \end{equation}
 %
 \end{minipage}%
 \begin{minipage}[t]{0.45\columnwidth}%
 \begin{equation}
 \phi_{t}=\frac{\phi_{t-1}\gamma_{t}}{\beta}\label{eq:v_precision_evolution}
 \end{equation}
 %
 \end{minipage}

 \vspace{\belowdisplayskip}
 for the var