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RDP 2008-07: A Medium-Scale Open Economy Model of Australia
Equation (B8)
E
t
[
−
μ
ψ
^
z
,
t
+
μ
ψ
^
z
,
t
+
1
−
μ
μ
^
z
,
t
+
1
+
…
(
μ
−
β
τ
k
)
R
^
t
−
μ
π
^
t
+
τ
k
1
−
τ
k
(
β
−
μ
)
τ
^
t
+
1
k
]
=
0
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