RDP 2013-07: An Empirical BVAR-DSGE Model of the Australian Economy
Equation
μ
1
,
f
=
β
θ
1
θ
1
+
ω
1
(
1
−
θ
1
(
1
−
β
)
)
μ
1
,
b
=
ω
1
θ
1
+
ω
+
1
(
1
−
θ
1
(
1
−
β
)
)
μ
1
m
c
=
(
1
−
β
)
(
1
−
θ
1
)
(
1
−
θ
1
β
)
θ
1
+
ω
1
(
1
−
θ
1
(
1
−
β
)
)
.
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