RDP 2010-02: Learning in an Estimated Small Open Economy Model Equation (10)

ν t m = ρ m ν t 1 m + ε t m ε t m N ( 0 , σ m 2 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqaH9o GBdaqhaaWcbaGaamiDaaqaaiaad2gaaaGccqGH9aqpcqaHbpGCdaWg aaWcbaGaamyBaaqabaGccqaH9oGBdaqhaaWcbaGaamiDaiabgkHiTi aaigdaaeaacaWGTbaaaOGaey4kaSIaeqyTdu2aa0baaSqaaiaadsha aeaacaWGTbaaaaGcbaGaeqyTdu2aa0baaSqaaiaadshaaeaacaWGTb aaaOGaeSipIOJaamOtamaabmaabaGaaGimaiaacYcacqaHdpWCdaqh aaWcbaGaamyBaaqaaiaaikdaaaaakiaawIcacaGLPaaaaaaa@5452@