RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model Equation (13)

Y z,t = a z,t ( M t h z,t ) α z ( M t L ) α L,z ( K z,t ) 1 α z α L,z MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@60CA@