RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model Equation (9)

Δ ( k ) j,t =( P ( k ) j,t MC ( k ) j,t P t )Y ( k ) j,t τ π j 2 [ P ( k ) j,t π j,t1 χ j Π j 1 χ j P ( k ) j,t1 ] 2 P j,t Y j,t P t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@859B@