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RDP 2010-02: Learning in an Estimated Small Open Economy Model
Equation (20)
L
(
Y
d
a
t
a
|
Θ
)
=
−
0.5
∑
t
=
0
T
[
n
ln
2
π
+
ln
|
Ω
t
|
+
u
t
′
Ω
t
−
1
u
t
]
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