RDP 2007-01: A Structural Model of Australia as a Small Open Economy
Equation (12)
B
t
+
1
+
B
t
+
1
∗
+
C
t
−
ψ
2
B
t
∗
2
=
Y
t
+
(
exp
ν
t
p
x
−
1
)
X
t
+
R
t
P
t
−
1
P
t
B
t
+
S
t
P
t
−
1
R
t
∗
B
t
∗
S
t
−
1
P
t
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