Skip to content
RDP 2007-01: A Structural Model of Australia as a Small Open Economy
Equation
μ
f
s
≡
β
θ
s
θ
s
+
ω
(
1
−
θ
s
(
1
−
β
)
)
,
μ
b
s
≡
ω
θ
s
+
ω
(
1
−
θ
s
(
1
−
β
)
)
λ
s
≡
(
1
−
ω
)
(
1
−
θ
s
)
(
1
−
θ
s
β
)
θ
s
+
ω
(
1
−
θ
s
(
1
−
β
)
)
,
s
∈
{
d
,
m
}
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9938@