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RDP 2008-04: A Small Bvar-Dsge Model for Forecasting the Australian Economy
Equation (3)
y
t
=
E
t
y
t
+
1
−
χ
(
R
t
−
E
t
π
t
+
1
)
+
χ
ρ
z
z
t
+
α
χ
E
t
Δ
q
t
+
1
+
(
χ
τ
−
1
)
E
t
Δ
y
t
+
1
∗
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7009@