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RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model
Equation (32)
p
z
,
t
*
=
(
1
−
ρ
z
)
p
z
*
+
ρ
z
p
z
,
t
−
1
*
+
θ
z
y
ξ
y
*
,
t
+
ε
p
z
*
,
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6007@