RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies
Equation
q
t
=
1
1
+
χ
(
E
t
(
q
t
+
1
)
−
(
i
t
−
E
t
π
t
+
1
)
+
(
i
t
∗
−
E
t
π
t
+
1
∗
)
−
χ
z
t
+
ϕ
t
)
.
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