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RDP 2010-02: Learning in an Estimated Small Open Economy Model
Equation
Γ
1
=
[
0
1
×
16
0
1
×
16
0
1
×
16
0
1
×
16
0
1
×
16
0
1
×
12
−
γ
η
(
1
−
η
)
−
1
0
1
×
3
0
1
×
6
1
0
1
×
9
0
1
×
16
0
1
×
16
0
1
×
9
1
0
1
×
6
0
1
×
10
β
−
1
0
1
×
5
0
1
×
7
ϕ
y
ϕ
π
0
1
×
2
ϕ
r
0
1
×
4
0
1
×
12
−
η
(
1
−
η
)
−
1
0
1
×
3
0
1
×
13
μ
b
d
0
1
×
2
0
1
×
14
μ
b
m
0
0
1
×
16
]
;
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