An Estimated DSGE Model of the Indian Economy.

Nt +1
Vt

S ( Xt )
Yt

Ht - ξβEt [Π .. Ht+1]

Jt - ξβEt [Π^ζ+ι Jt+1]

1

MCt

^{1 + R}t
log At - log At
log Gt ^- log Gt
log MSt - log MS
log RPSt - log RPS
, Λ + Rn,Λ
^log (.τ+‰ )
log Φ t
φEt [log Θ t+ι]

ξeV + (1 - ξe)Di

^{(1 + R}k,t)Qt-1 Kt ^{- θ}t^{(1 + R}t^)(Qt-1 Kt ^- Nt)
^φx^(χt ^{- (1 +} g⁾⁾²

Ct + Gt + It

Yt Λ c,t

Yt Λ c,tMStMCt

ξ Π^{- -1} + (1 - ξ )

W^[

P_t

Pt

^{1 + R}n,t-1

Π

Pa (log At-1 - log A1-1) + €A,t

Pg (log Gt-1 - log Gt-1) + <G,t

PMS^(log ^MSt-1 ^{- lo}g ^MS) ⁺ €MS,t

Prps^(log ^RpSt-1 ^- log ^rps) ⁺ CRPs,t

1¹ + ^Rn,t- ɪʌ _n, ^θ t   _λ , ^φ t

P log ∖ _{1 +} R_n )^{+ θ} log Θ ^{+ φ} log ¥ ^{+ e}MPS,t

logΠ t + τ log Φ t-1

logΘt - (1 - φ) log(Πt)

Choose a functional form:

vi)