RDP 2007-01: A Structural Model of Australia as a Small Open Economy Equation (25)

X t = ( exp ν t x ) ( P t d P t ) δ x Y t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiwamaaBaaaleaacaWG0baabeaakiabg2da9maabmaabaGaciyzaiaacIhacaGGWbGaeqyVd42aa0baaSqaaiaadshaaeaacaWG4baaaaGccaGLOaGaayzkaaWaaeWaaeaadaWcaaqaaiaadcfadaqhaaWcbaGaamiDaaqaaiaadsgaaaaakeaacaWGqbWaa0baaSqaaiaadshaaeaacqGHxiIkaaaaaaGccaGLOaGaayzkaaWaaWbaaSqabeaacqGHsislcqaH0oazdaahaaadbeqaaiaadIhaaaaaaOGaamywamaaDaaaleaacaWG0baabaGaey4fIOcaaaaa@4FB1@