RDP 2007-01: A Structural Model of Australia as a Small Open Economy
Equation (4)
C
t
≡
[
(
1
−
α
)
1
δ
C
t
d
δ
−
1
δ
+
α
1
δ
C
t
m
δ
−
1
δ
]
δ
1
−
δ
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