-6∕3¾[I⅛+1
γφτ}Yi,tλc1,tMSi,tMCi,t
6∏:
MCi,t
nW
1i,t
~τ∖t
PF,tr
τI,t
h wW , I. wTt
nF,tPF,tTF,t~P--H nι,thl,tTl,t-~-
ʃt ʃt
kTF,t
1 + Rt
log Ai,t - log Ai,t
log Gt - log Gt
log MSi,t - XogMSi
log RPSi,t - log RPS1
∏t
PAi(lθgΛ,t-l - lθgΛ,t-i) + tAi,t
pG{XogGt-I ~ log Gt-1) + eG,t
pMSi(XogMSi,t-ι - logMSi) +εMSi,t
pRPSi(R>g RPSi,t-ι — log RPSi) + tRpsi,t
/A + Rnt-t∖ Qt Φ≠
P lo≡ 1 , в— + θ l°g TS + Φ l°g ɪ + eMPS,t
∖ 1 + Kn / ʊ Φ
log Φt
⅛j¾[log Θt+ι]
WF,t
Rt
1 + Ri,t
log∏t + τ log Φt-ι
logθt - (1 -φ) log(∏t)
Wτt
RWt = Q. + rw)-p-
Pt
Si
Nl,t
Ni,t+1
- ¾(1 + Rt)(Qt-1Ki,t - Ni,t)
1 + R⅛
Qt-ι
∣e
Ct
—-Nit
ψi
(1 — ʌ)ɑi,t + ΛC,2,t + Cj,t + Cpt
B.2 Steady State
II/ = ∏f = Q = I
ι-μ]l-μ
38
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