RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D40)
Q
t
r
P
t
c
=
β
E
t
(
M
˜
t
,
t
+
1
(
ζ
−
μ
)
W
t
+
1
r
R
t
+
1
P
t
+
1
c
R
t
+
1
A
t
+
1
r
(
X
t
+
1
R
t
+
1
)
1
+
ζ
(
K
t
+
1
R
t
+
1
)
−
μ
)
+
β
E
t
(
M
˜
t
,
t
+
1
Q
t
+
1
r
P
t
+
1
c
)
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