RDP 2010-02: Learning in an Estimated Small Open Economy Model Equation (A21)

ν t r = ε t r , ε t r ( 0 , σ r 2 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeWaaa qaaiabe27aUnaaDaaaleaacaWG0baabaGaamOCaaaakiabg2da9aqa aiabew7aLnaaDaaaleaacaWG0baabaGaamOCaaaakiaacYcacqaH1o qzdaqhaaWcbaGaamiDaaqaaiaadkhaaaaakeaacqWI8iIodaqadaqa aiaaicdacaGGSaGaeq4Wdm3aa0baaSqaaiaadkhaaeaacaaIYaaaaa GccaGLOaGaayzkaaaaaaaa@4AFF@