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RDP 2010-02: Learning in an Estimated Small Open Economy Model
Equation
Γ
0
x
t
=
Γ
1
x
t
−
1
+
Γ
2
E
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t
x
t
+
1
+
Γ
3
ν
t
ν
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=
Γ
4
ν
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1
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ε
t
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