RDP 2008-07: A Medium-Scale Open Economy Model of Australia
Equation (B12)
k
¯
^
t
+
1
=
(
1
−
δ
)
1
μ
z
k
¯
^
t
−
(
1
−
δ
)
1
μ
z
μ
^
z
,
t
+
…
(
1
−
(
1
−
δ
)
1
μ
z
)
ϒ
^
t
+
(
1
−
(
1
−
δ
)
1
μ
z
)
i
^
t
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