RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (14)
Q
t
r
=
β
E
t
(
M
t
,
t
+
1
(
(
ζ
−
μ
)
W
t
+
1
r
A
t
+
1
r
X
t
+
1
1
+
ζ
K
t
+
1
−
μ
R
t
+
1
μ
−
ζ
−
1
+
Q
t
+
1
r
)
)
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