RDP 2008-07: A Medium-Scale Open Economy Model of Australia Equation (B23)

E ^ t = β 1 + β E t E ^ t + 1 + 1 1 + β E ^ t 1 + ( 1 ξ e ) ( 1 β ξ e ) ξ e ( 1 β ) ( H ^ t E ^ t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaecaaeaaca WGfbaacaGLcmaadaWgaaWcbaGaamiDaaqabaGccqGH9aqpdaWcaaqa aiabek7aIbqaaiaaigdacqGHRaWkcqaHYoGyaaGaamyramaaBaaale aacaWG0baabeaakmaaHaaabaGaamyraaGaayPadaWaaSbaaSqaaiaa dshacqGHRaWkcaaIXaaabeaakiabgUcaRmaalaaabaGaaGymaaqaai aaigdacqGHRaWkcqaHYoGyaaWaaecaaeaacaWGfbaacaGLcmaadaWg aaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSYaaSaaaeaada qadaqaaiaaigdacqGHsislcqaH+oaEdaWgaaWcbaGaamyzaaqabaaa kiaawIcacaGLPaaadaqadaqaaiaaigdacqGHsislcqaHYoGycqaH+o aEdaWgaaWcbaGaamyzaaqabaaakiaawIcacaGLPaaaaeaacqaH+oaE daWgaaWcbaGaamyzaaqabaGcdaqadaqaaiaaigdacqGHsislcqaHYo GyaiaawIcacaGLPaaaaaWaaeWaaeaadaqiaaqaaiaadIeaaiaawkWa amaaBaaaleaacaWG0baabeaakiabgkHiTmaaHaaabaGaamyraaGaay PadaWaaSbaaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaaaaa@6CA4@