RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies
Equation
y
t
∗
−
h
∗
1
+
h
∗
y
t
−
1
*
=
1
1
+
h
∗
E
t
(
y
t
+
1
∗
)
−
σ
∗
(
1
−
h
∗
)
1
+
h
∗
(
i
t
∗
−
E
t
π
t
+
1
∗
)
−
σ
∗
(
1
−
h
∗
)
1
+
h
∗
(
1
−
ρ
g
)
ε
g
,
t
∗
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaDa aaleaacaWG0baabaGaey4fIOcaaOGaeyOeI0YaaSaaaeaacaWGObWa aWbaaSqabeaacqGHxiIkaaaakeaacaaIXaGaey4kaSIaamiAamaaCa aaleqabaGaey4fIOcaaaaakiaadMhadaqhaaWcbaGaamiDaiabgkHi TiaaigdaaeaacaGGQaaaaOGaeyypa0ZaaSaaaeaacaaIXaaabaGaaG ymaiabgUcaRiaadIgadaahaaWcbeqaaiabgEHiQaaaaaGccaWGfbWa aSbaaSqaaiaadshaaeqaaOWaaeWaaeaacaWG5bWaa0baaSqaaiaads hacqGHRaWkcaaIXaaabaGaey4fIOcaaaGccaGLOaGaayzkaaGaeyOe I0Iaeq4Wdm3aaWbaaSqabeaacqGHxiIkaaGcdaWcaaqaamaabmaaba GaaGymaiabgkHiTiaadIgadaahaaWcbeqaaiabgEHiQaaaaOGaayjk aiaawMcaaaqaaiaaigdacqGHRaWkcaWGObWaaWbaaSqabeaacqGHxi IkaaaaaOWaaeWaaeaacaWGPbWaa0baaSqaaiaadshaaeaacqGHxiIk aaGccqGHsislcaWGfbWaaSbaaSqaaiaadshaaeqaaOGaeqiWda3aa0 baaSqaaiaadshacqGHRaWkcaaIXaaabaGaey4fIOcaaaGccaGLOaGa ayzkaaGaeyOeI0Iaeq4Wdm3aaWbaaSqabeaacqGHxiIkaaGcdaWcaa qaamaabmaabaGaaGymaiabgkHiTiaadIgadaahaaWcbeqaaiabgEHi QaaaaOGaayjkaiaawMcaaaqaaiaaigdacqGHRaWkcaWGObWaaWbaaS qabeaacqGHxiIkaaaaaOWaaeWaaeaacaaIXaGaeyOeI0IaeqyWdi3a aSbaaSqaaiaadEgaaeqaaaGccaGLOaGaayzkaaGaeqyTdu2aa0baaS qaamaaBaaameaacaWGNbGaaiilaiaadshaaeqaaaWcbaGaey4fIOca aaaa@8460@