RDP 2008-04: A Small Bvar-Dsge Model for Forecasting the Australian Economy
Equation
(
1
−
α
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y
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t
=
E
t
(
χ
−
τ
(
1
−
α
)
τ
Δ
y
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+
1
∗
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(
1
−
α
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y
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−
χ
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r
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t
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E
t
π
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+
χ
E
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z
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+
1
.
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