RDP 2008-07: A Medium-Scale Open Economy Model of Australia
Equation (B11)
(
1
−
ω
c
)
(
γ
c
,
d
)
η
c
c
y
(
c
^
t
+
η
c
γ
^
t
c
,
d
)
+
(
1
−
ω
i
)
(
γ
i
,
d
)
η
i
i
y
(
i
^
t
+
η
i
γ
^
t
i
,
d
)
+
…
g
y
g
^
t
+
y
∗
y
(
y
^
t
∗
−
0.3
η
f
y
^
t
x
,
∗
+
0.7
c
o
m
^
t
+
z
˜
^
t
)
=
λ
d
(
ε
t
^
+
α
(
k
^
t
−
μ
^
z
,
t
)
+
(
1
−
α
)
H
^
t
)
−
(
1
−
τ
k
)
r
k
k
¯
y
1
μ
z
(
k
^
t
−
k
¯
^
t
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@D25F@