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RDP 2013-14: Reserves of Natural Resources in a Small Open Economy
Equation
P
t
c
C
t
+
B
t
(
1
+
i
t
)
+
S
t
B
t
*
(
1
+
i
t
*
)
Φ
t
=
W
t
n
H
t
n
+
W
t
r
H
t
r
+
B
t
−
1
+
S
t
B
t
−
1
*
+
ν
Ψ
t
r
+
Ψ
t
n
+
Ψ
t
o
+
Ψ
t
x
−
T
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