RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model
Equation (19)
ln
[
G
t
M
t
]
=
(
1
−
ρ
g
)
ln
(
g
)
+
ρ
g
ln
[
G
t
−
1
M
t
−
1
]
+
ε
g
,
t
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