RDP 2015-12: Modelling the Australian Dollar
Equation (6)
Δ
R
T
W
I
t
=
ω
t
,
S
t
+
γ
S
t
z
t
−
1
+
α
1
,
S
t
Δ
C
R
B
t
+
α
2
,
S
t
Δ
C
R
B
t
−
1
+
α
3
,
S
t
Δ
S
P
X
t
+
α
4
,
S
t
Δ
V
I
X
t
+
α
5
,
S
t
Δ
T
o
T
t
+
α
6
,
S
t
Δ
R
I
R
D
t
+
ε
t
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