RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies
Equation (5)
Q
′
R
−
1
y
t
=
Q
′
R
−
1
(
Φ
1
y
t
−
1
+
Q
′
Φ
2
y
t
−
2
+
...
+
Q
′
Φ
p
y
t
−
p
)
+
Q
′
φ
t
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