RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies Equation

υ t ∗ ≡ ( φ ∗ + σ ∗ − 1 1 − h ∗ ) y t ∗ − φ ∗ ε a , t ∗ − 1 σ ∗ ε g , t ∗ − h ∗ σ ∗ − 1 1 − h ∗ y t − 1 ∗ + ε n , t ∗ . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqyXdu3aa0 baaSqaaiaadshaaeaacqGHxiIkaaGccqGHHjIUdaqadaqaaiabeA8a QnaaCaaaleqabaGaey4fIOcaaOGaey4kaSYaaSaaaeaacqaHdpWCda ahaaWcbeqaaiabgEHiQiabgkHiTiaaigdaaaaakeaacaaIXaGaeyOe I0IaamiAamaaCaaaleqabaGaey4fIOcaaaaaaOGaayjkaiaawMcaai aadMhadaqhaaWcbaGaamiDaaqaaiabgEHiQaaakiabgkHiTiabeA8a QnaaCaaaleqabaGaey4fIOcaaOGaeqyTdu2aa0baaSqaaiaadggaca GGSaGaamiDaaqaaiabgEHiQaaakiabgkHiTmaalaaabaGaaGymaaqa aiabeo8aZnaaCaaaleqabaGaey4fIOcaaaaakiabew7aLnaaDaaale aacaWGNbGaaiilaiaadshaaeaacqGHxiIkaaGccqGHsisldaWcaaqa aiaadIgadaahaaWcbeqaaiabgEHiQaaakiabeo8aZnaaCaaaleqaba Gaey4fIOIaeyOeI0IaaGymaaaaaOqaaiaaigdacqGHsislcaWGObWa aWbaaSqabeaacqGHxiIkaaaaaOGaamyEamaaDaaaleaacaWG0bGaey OeI0IaaGymaaqaaiabgEHiQaaakiabgUcaRiabew7aLnaaDaaaleaa caWGUbGaaiilaiaadshaaeaacqGHxiIkaaGccaGGUaaaaa@76B9@