RDP 2010-02: Learning in an Estimated Small Open Economy Model Equation

Γ 0 x t = Γ 1 x t 1 + Γ 2 E ^ t x t + 1 + Γ 3 ν t ν t = Γ 4 ν t 1 + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHto WrdaWgaaWcbaGaaGimaaqabaGccaWG4bWaaSbaaSqaaiaadshaaeqa aOGaeyypa0Jaeu4KdC0aaSbaaSqaaiaaigdaaeqaaOGaamiEamaaBa aaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqqHtoWrdaWg aaWcbaGaaGOmaaqabaGcceWGfbGbaKaadaWgaaWcbaGaamiDaaqaba GccaWG4bWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiabgUca Riabfo5ahnaaBaaaleaacaaIZaaabeaakiabe27aUnaaBaaaleaaca WG0baabeaaaOqaaiabe27aUnaaBaaaleaacaWG0baabeaakiabg2da 9iabfo5ahnaaBaaaleaacaaI0aaabeaakiabe27aUnaaBaaaleaaca WG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGa amiDaaqabaaaaaa@5F6C@