RDP 2008-04: A Small Bvar-Dsge Model for Forecasting the Australian Economy
Equation (A9)
y
˜
t
=
E
t
y
˜
t
+
1
−
χ
(
r
˜
t
−
E
t
π
˜
t
+
1
)
+
χ
E
t
z
˜
t
+
1
+
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=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabmyEayaaiaWaaSbaaSqaaiaadshaaeqaaOGaeyypa0ZexLMBb50ujbqegmuyZrxzSXwyYbacfaGae8xzau2aaSbaaSqaaiaadshaaeqaaOGabmyEayaaiaWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiabgkHiTiabeE8aJnaabmaabaGabmOCayaaiaWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0Iae8xzau2aaSbaaSqaaiaadshaaeqaaOGafqiWdaNbaGaadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaGaey4kaSIaeq4XdmMae8xzau2aaSbaaSqaaiaadshaaeqaaOGabmOEayaaiaWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiabgUcaRiabeg7aHjabeE8aJjab=vgaLnaaBaaaleaacaWG0baabeaakiabfs5aejqadghagaacamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGHRaWkdaqadaqaamaalaaabaGaeq4XdmgabaGaeqiXdqhaaiabgkHiTiaaigdaaiaawIcacaGLPaaacqWFLbqzdaWgaaWcbaGaamiDaaqabaGcdaqadaqaaiabfs5aejqadMhagaacamaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiabgEHiQaaaaOGaayjkaiaawMcaaiaac6caaaa@7B82@