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RDP 2010-02: Learning in an Estimated Small Open Economy Model
Equation (9)
π
t
j
=
λ
j
m
c
t
j
+
μ
f
j
E
π
t
+
1
j
+
μ
b
j
π
t
−
1
j
+
ν
t
j
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aa0baaSqaaiaadshaaeaacaWGQbaaaOGaeyypa0Jaeq4UdW2aaWbaaSqabeaacaWGQbaaaOGaamyBaiaadogadaqhaaWcbaGaamiDaaqaaiaadQgaaaGccqGHRaWkcqaH8oqBdaqhaaWcbaGaamOzaaqaaiaadQgaaaWefv3ySLgznfgDOjdaryqr1ngBPrginfgDObcv39gaiuaakiab=ri8fjabec8aWnaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiaadQgaaaGccqGHRaWkcqaH8oqBdaqhaaWcbaGaamOyaaqaaiaadQgaaaGccqaHapaCdaqhaaWcbaGaamiDaiabgkHiTiaaigdaaeaacaWGQbaaaOGaey4kaSIaeqyVd42aa0baaSqaaiaadshaaeaacaWGQbaaaaaa@6684@