RDP 2010-02: Learning in an Estimated Small Open Economy Model
Equation (1)
E
0
∑
t
=
0
∞
β
t
(
e
x
p
(
ν
t
d
)
(
C
t
(
i
)
−
η
H
t
)
1
−
γ
(
1
−
γ
)
−
N
t
(
i
)
1
+
φ
1
+
φ
)
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