RDP 2008-07: A Medium-Scale Open Economy Model of Australia Equation (B6)

E t [ − b β μ z c ^ t + 1 + ( μ z 2 + b 2 β ) c ^ t − b μ z c ^ t − 1 + … b μ z ( μ ^ z , t − β μ ^ z , t + 1 ) + ( μ z − b β ) ( μ z − b ) ψ ^ z , t + … τ c 1 + τ c ( μ z − b β ) ( μ z − b ) τ ^ t c + ( μ z − b β ) ( μ z − b ) γ ^ t c , d − … ( μ z − b ) ( μ z ς ^ t c − b β ς ^ t + 1 c ) ] = 0 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaaBa aaleaacaWG0baabeaakmaadmaaeaqabeaacqGHsislcaWGIbGaeqOS diMaeqiVd02aaSbaaSqaaiaadQhaaeqaaOWaaecaaeaacaWGJbaaca GLcmaadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaey4kaSYa aeWaaeaacqaH8oqBdaqhaaWcbaGaamOEaaqaaiaaikdaaaGccqGHRa WkcaWGIbWaaWbaaSqabeaacaaIYaaaaOGaeqOSdigacaGLOaGaayzk aaWaaecaaeaacaWGJbaacaGLcmaadaWgaaWcbaGaamiDaaqabaGccq GHsislcaWGIbGaeqiVd02aaSbaaSqaaiaadQhaaeqaaOWaaecaaeaa caWGJbaacaGLcmaadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaO Gaey4kaSIaeSOjGSeabaGaamOyaiabeY7aTnaaBaaaleaacaWG6baa beaakmaabmaabaWaaecaaeaacqaH8oqBaiaawkWaamaaBaaaleaaca WG6bGaaiilaiaadshaaeqaaOGaeyOeI0IaeqOSdi2aaecaaeaacqaH 8oqBaiaawkWaamaaBaaaleaacaWG6bGaaiilaiaadshacqGHRaWkca aIXaaabeaaaOGaayjkaiaawMcaaiabgUcaRmaabmaabaGaeqiVd02a aSbaaSqaaiaadQhaaeqaaOGaeyOeI0IaamOyaiabek7aIbGaayjkai aawMcaamaabmaabaGaeqiVd02aaSbaaSqaaiaadQhaaeqaaOGaeyOe I0IaamOyaaGaayjkaiaawMcaamaaHaaabaGaeqiYdKhacaGLcmaada WgaaWcbaGaamOEaiaacYcacaWG0baabeaakiabgUcaRiablAcilbqa amaalaaabaGaeqiXdq3aaWbaaSqabeaacaWGJbaaaaGcbaGaaGymai abgUcaRiabes8a0naaCaaaleqabaGaam4yaaaaaaGcdaqadaqaaiab eY7aTnaaBaaaleaacaWG6baabeaakiabgkHiTiaadkgacqaHYoGyai aawIcacaGLPaaadaqadaqaaiabeY7aTnaaBaaaleaacaWG6baabeaa kiabgkHiTiaadkgaaiaawIcacaGLPaaadaqiaaqaaiabes8a0bGaay PadaWaa0baaSqaaiaadshaaeaacaWGJbaaaOGaey4kaSYaaeWaaeaa cqaH8oqBdaWgaaWcbaGaamOEaaqabaGccqGHsislcaWGIbGaeqOSdi gacaGLOaGaayzkaaWaaeWaaeaacqaH8oqBdaWgaaWcbaGaamOEaaqa baGccqGHsislcaWGIbaacaGLOaGaayzkaaWaaecaaeaacqaHZoWzai aawkWaamaaDaaaleaacaWG0baabaGaam4yaiaacYcacaWGKbaaaOGa eyOeI0IaeSOjGSeabaWaaeWaaeaacqaH8oqBdaWgaaWcbaGaamOEaa qabaGccqGHsislcaWGIbaacaGLOaGaayzkaaWaaeWaaeaacqaH8oqB daWgaaWcbaGaamOEaaqabaGcdaqiaaqaaiabek8awbGaayPadaWaa0 baaSqaaiaadshaaeaacaWGJbaaaOGaeyOeI0IaamOyaiabek7aInaa HaaabaGaeqOWdyfacaGLcmaadaqhaaWcbaGaamiDaiabgUcaRiaaig daaeaacaWGJbaaaaGccaGLOaGaayzkaaaaaiaawUfacaGLDbaacqGH 9aqpcaaIWaaaaa@D411@