RDP 2003-03: Australia's Medium-Run Exchange Rate: A Macroeconomic Balance Approach
Equation (8)
p
m
a
n
x
=
0.2
(
0.03
)
+
(
1
−
0
)
(
p
p
p
i
)
+
0
(
0.01
)
(
p
∗
c
p
i
−
e
t
w
i
)
−
0.01
(
0.001
)
t
1986
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