RDP 2008-07: A Medium-Scale Open Economy Model of Australia Equation (B9)

E t [ ψ ^ z , t − ψ ^ z , t + 1 + μ ^ z , t + 1 − β ( 1 − δ ) μ z P ^ k ′ , t + 1 + P ^ k ′ , t − … μ z − β ( 1 − δ ) μ z r ^ t + 1 k + τ k 1 − τ k μ z − β ( 1 − δ ) μ z τ ^ t + 1 k ] = 0 MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9941@