RDP 2008-04: A Small Bvar-Dsge Model for Forecasting the Australian Economy
Equation (A3)
ℒ
0
=
E
0
∑
t
=
0
∞
(
β
t
[
(
C
t
/
A
t
)
1
−
1
τ
1
−
1
τ
−
N
t
]
−
λ
t
(
P
t
C
t
+
B
t
+
1
−
W
t
N
t
+
R
t
−
1
B
t
)
)
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