RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (13)
S
t
P
t
*
=
Q
t
k
(
1
−
Ξ
(
I
t
I
t
−
1
)
−
Ξ
′
(
I
t
I
t
−
1
)
I
t
I
t
−
1
)
+
β
E
t
(
M
t
,
t
+
1
Q
t
+
1
k
Ξ
′
(
I
t
+
1
I
t
)
I
t
+
1
2
I
t
2
)
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