RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts Equation (39)

[\begin{matrix} \dot{π} \\ \dot{y} \\ \dot{m} \end{matrix}] = [\begin{array}{l} 0 & - γ δ^{2} & 0 & π \\ η & - ϕ & 0 & y \\ - 1 & 0 & - (\tilde{π} + n) & m \end{array}] + [\begin{array}{l} γ δ^{2} y^{d} \\ ϕ \tilde{y} - η \hat{π} \\ (\tilde{π} + n) (1 + m) - n \end{array}]