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RDP 2010-02: Learning in an Estimated Small Open Economy Model
Equation (A11)
a
t
*
=
β
−
1
a
t
−
1
*
+
c
x
c
t
x
−
c
m
(
c
t
m
+
τ
t
*
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyyamaaDa aaleaacaWG0baabaGaaiOkaaaakiabg2da9iabek7aInaaCaaaleqa baGaeyOeI0IaaGymaaaakiaadggadaqhaaWcbaGaamiDaiabgkHiTi aaigdaaeaacaGGQaaaaOGaey4kaSIaam4yamaaCaaaleqabaGaamiE aaaakiaadogadaqhaaWcbaGaamiDaaqaaiaadIhaaaGccqGHsislca WGJbWaaWbaaSqabeaacaWGTbaaaOWaaeWaaeaacaWGJbWaa0baaSqa aiaadshaaeaacaWGTbaaaOGaey4kaSIaeqiXdq3aa0baaSqaaiaads haaeaacaGGQaaaaaGccaGLOaGaayzkaaaaaa@53D5@