RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies Equation

\begin{array}{l} \frac{{\bar{C}}_{H}}{\bar{Y}} = \frac{(1 - τ) γ_{H}^{- η}}{(1 - τ) γ_{H}^{- η} + τ γ_{H}^{- 1} γ_{F}^{- η}}, \\ γ_{H} \equiv \frac{{\bar{P}}_{H}}{P} = {(\frac{1 - τ {(\frac{θ}{θ - 1})}^{1 - η}}{(1 - τ)})}^{\frac{1}{1 - η}}, \\ γ_{F} \equiv \frac{{\bar{P}}_{F}}{P} = \frac{θ}{θ - 1}, \\ \bar{G} \equiv \frac{(1 - τ) {\bar{s}}^{- (1 - η)}}{τ + (1 - τ) {\bar{s}}^{- (1 - η)}}, \end{array}