RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model
Equation (1)
E
0
∑
t
=
0
∞
β
t
{
ζ
C
,
t
ln
(
C
(
i
)
t
−
b
C
(
i
)
t
−
1
)
+
A
d
ζ
K
d
,
t
ln
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d
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−
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K
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d
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−
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−
A
H
ζ
H
,
t
H
(
i
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t
1
+
η
1
+
η
}
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