Bulletin – September 2018
Equation (1)
Δ
(
x
n
)
t
=
θ
0
+
θ
U
S
D
Δ
(
U
S
D
n
)
t
+
θ
R
M
B
Δ
(
R
M
B
n
)
t
+
θ
E
U
R
O
Δ
(
E
U
R
n
)
t
+
θ
J
P
Y
Δ
(
J
P
Y
n
)
t
+
θ
G
B
P
Δ
(
G
B
P
n
)
t
+
u
t
.