An Estimated DSGE Model of the Indian Economy.





77II
^1[^-T + τ-√^]


⅞I
77 I I

τ~⅛

d
^d

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+^^+'ar + ^1 +

- z.1                                      1

l~7/

1I

,J((⅛)S, - T) + ⅛⅛ - T) =

e⅛+τ)⅛ = 4^⅛ =

>⅛ ⅞d

^U(¾-τ) =

+ ^(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(⅛ζv) = e⅛ι,ζι,ζι,ζvw =
⅞a

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

⅛'7^ =

d‘l = г it n4 — Tï n7
l _, l d _ ?‘^v

j 1 ' ’ î4Æ       ’‘?^v



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