RDP 2008-07: A Medium-Scale Open Economy Model of Australia
Equation (B17)
a
^
t
=
−
0.3
y
∗
m
c
^
t
x
−
0.3
η
f
y
∗
γ
^
t
x
,
∗
+
0.7
y
∗
(
p
^
t
c
o
m
+
c
o
m
^
t
)
+
y
∗
y
^
t
∗
+
y
∗
z
˜
^
t
+
(
c
m
+
i
m
)
γ
^
t
f
−
−
c
m
(
−
η
c
(
1
−
ω
c
)
(
γ
c
,
d
)
−
(
1
−
η
c
)
γ
^
t
m
c
,
d
+
c
^
t
)
−
−
i
m
(
−
η
i
(
1
−
ω
i
)
(
γ
i
,
d
)
−
(
1
−
η
i
)
γ
^
t
m
i
,
d
+
i
^
t
)
+
R
π
μ
z
a
^
t
−
1
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@D6FF@