An Estimated DSGE Model of the Indian Economy.

Z£

⅞
⁷⁷II
^₁[^-T + _τ-√^]

⅞I
⁷⁷ I I

^τ~⅛

d
^d

^riD

^tlA

^tl + ^tD + ^D = ^fdA

^τ+¾

^τ+¾>⅛ — τ) + X⅛+⅞~ ^T)ʌlʌ √½α

_ε((fl + τ) - ⅛)*≠ =

τ = ⅛(^τ+Ms^,τ+^^⁺'^a_r ⁺ ^1 ⁺

- z.1 ¹

^l~⁷/

¹I

^,J((⅛)S^, - T) + ⅛⅛ - T) =

e⅛+τ)⅛ = 4^⅛ =

>⅛ ⅞d

^U(¾-τ) =

⅛ ₊ ^(⅛-_τ)(γ-_τ) =

'^r-lA3dd

[^τ+,⅛^(^τ+,¾ + τ)]¾

(⅛)s^,

((⅛)_zs^,⅛ - (⅛)s^, - T?Ô>

^τ+⅛

^riN

tdτι∣∕Au(χ — ɪ) ≡ ^⅛₇v
2>⅛(⅛^ζv) = e⅛^ι,ζ⅛^ι,ζ⅛^ι,ζvw = ⅞a

^,¾γ + ¾(γ-τ) = ^tD
- ɪ = fiz,q
d ₌ ^γ7∙d
^î7Æ ^,7^v

⅛'⁷^ =

d‘l = г ⁱ∙^{t n}4 — T ≡ ^{ï n}7
_l _, _l d _ ^?‘^v

^{j 1} ' ’ ^î4Æ ’‘^?^v