Skip to content
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@