RDP 2007-01: A Structural Model of Australia as a Small Open Economy
Equation (A1)
c
t
=
γ
γ
−
η
+
γ
η
E
t
c
t
+
1
+
−
η
(
1
−
γ
)
γ
−
η
+
γ
η
c
t
−
1
−
1
γ
−
η
+
γ
η
(
i
t
−
E
t
π
t
+
1
)
+
ν
t
d
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@776C@