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RDP 2018-04: DSGE Reno: Adding a Housing Block to a Small Open Economy Model
Equation (9)
Δ
(
k
)
j
,
t
=
(
P
(
k
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j
,
t
−
M
C
(
k
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j
,
t
P
t
)
Y
(
k
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j
,
t
−
τ
π
j
2
[
P
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j
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j
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t
−
1
χ
j
Π
j
1
−
χ
j
P
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k
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j
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t
−
1
]
2
P
j
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t
Y
j
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P
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@859B@