RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model
Equation (10)
M
C
(
k
)
j
,
t
=
ε
π
j
,
t
a
j
,
t
[
W
j
,
t
α
j
M
t
]
α
j
[
R
j
,
t
γ
j
]
γ
j
[
P
z
,
t
1
−
α
j
−
γ
j
]
1
−
α
j
−
γ
j
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