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RDP 2013-07: An Empirical BVAR-DSGE Model of the Australian Economy
Equation
q
˜
2
,
t
=
(
1
−
β
(
1
−
δ
)
)
(
1
−
γ
′
)
s
˜
t
+
r
˜
2
,
t
+
1
+
r
e
r
˜
t
+
1
+
p
˜
2
,
t
+
1
*
+
π
˜
t
+
1
)
+
β
(
1
−
δ
2
)
E
t
[
q
˜
2
,
t
+
1
+
π
˜
1
,
t
+
1
]
−
R
˜
t
,
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