RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (D62)
U
t
o
(
P
t
c
)
θ
o
−
1
=
C
t
o
R
t
Θ
t
(
P
t
o
P
t
c
)
θ
o
+
β
ϕ
o
E
t
(
U
t
+
1
o
(
P
t
+
1
c
)
θ
o
+
1
(
P
t
+
1
c
P
t
c
)
θ
o
−
1
)
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