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RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation (15)
Q
t
k
=
E
t
(
M
t
,
t
+
1
(
μ
W
t
+
1
r
A
t
+
1
r
X
t
+
1
1
+
ζ
K
t
+
1
−
μ
−
1
R
t
+
1
μ
−
ζ
+
Q
t
+
1
k
(
1
−
δ
)
)
)
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