RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies
Equation
π
t
w
∗
=
β
E
t
(
π
t
+
1
w
∗
−
γ
ω
π
t
∗
)
+
ξ
w
∗
(
υ
t
∗
−
w
t
∗
)
+
γ
w
π
t
−
1
∗
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aa0 baaSqaaiaadshaaeaacaWG3bGaey4fIOcaaOGaeyypa0JaeqOSdiMa amyramaaBaaaleaacaWG0baabeaakmaabmaabaGaeqiWda3aa0baaS qaaiaadshacqGHRaWkcaaIXaaabaGaam4DaiabgEHiQaaakiabgkHi Tiabeo7aNnaaBaaaleaacqaHjpWDaeqaaOGaeqiWda3aa0baaSqaai aadshaaeaacqGHxiIkaaaakiaawIcacaGLPaaacqGHRaWkcqaH+oaE daWgaaWcbaGaam4DamaaCaaameqabaGaey4fIOcaaaWcbeaakmaabm aabaGaeqyXdu3aa0baaSqaaiaadshaaeaacqGHxiIkaaGccqGHsisl caWG3bWaa0baaSqaaiaadshaaeaacqGHxiIkaaaakiaawIcacaGLPa aacqGHRaWkcqaHZoWzdaWgaaWcbaGaam4DaaqabaGccqaHapaCdaqh aaWcbaGaamiDaiabgkHiTiaaigdaaeaacqGHxiIkaaGccaGGSaaaaa@6844@