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 MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@769D@