RDP 2010-02: Learning in an Estimated Small Open Economy Model Equation (A16)

r t r t * = E t Δ s t + 1 ϕ a a t * + ν t s MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaBa aaleaacaWG0baabeaakiabgkHiTiaadkhadaqhaaWcbaGaamiDaaqa aiaacQcaaaGccqGH9aqptuuDJXwAK1uy0HMmaeHbfv3ySLgzG0uy0H giuD3BaGqbaiab=ri8fnaaBaaaleaacaWG0baabeaakiabfs5aejaa dohadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeyOeI0Iaeq y1dy2aaSbaaSqaaiaadggaaeqaaOGaamyyamaaDaaaleaacaWG0baa baGaaiOkaaaakiabgUcaRiabe27aUnaaDaaaleaacaWG0baabaGaam 4Caaaaaaa@5A6B@