RDP 2013-06: Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies Equation

[ Q L R L1 0 0 Q S R S1 ][ y t L y t S ]= Σ i=1 p [ Q L R L1 0 0 Q S R S1 ][ Φ i L 0 Φ i SL Φ i S ][ y ti L y ti S ]+[ 1 0 Q S R S1 κ R L Q L 1 ][ ξ t L ξ t S ]. MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9F41@