RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model
Equation (32)
p
z
,
t
*
=
(
1
−
ρ
z
)
p
z
*
+
ρ
z
p
z
,
t
−
1
*
+
θ
z
y
ξ
y
*
,
t
+
ε
p
z
*
,
t
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