RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies
Equation
y
t
=
C
¯
H
Y
¯
c
t
+
(
(
(
1
−
C
¯
H
Y
¯
)
λ
∗
)
−
C
¯
H
Y
¯
η
(
G
¯
−
1
)
)
s
t
+
(
1
−
C
¯
H
Y
¯
)
λ
∗
ψ
F
,
t
+
(
1
−
C
¯
H
Y
¯
)
y
t
∗
,
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