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RDP 9807: Inflation Targeting in a Small Open Economy
Equation (10)
[
X
t
+
1
t
x
t
+
1
]
=
A
Z
t
+
B
i
t
+
[
ν
t
+
1
0
]
Y
t
=
C
Z
Z
t
+
C
i
i
t
L
t
=
Y
t
′
K
Y
t
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