RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies
Equation
υ
t
≡
φ
(
y
t
−
ε
a
,
t
)
+
σ
−
1
1
−
h
(
c
t
−
h
c
t
−
1
)
−
σ
−
1
ε
g
,
t
+
ε
n
,
t
.
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