RBA Annual Conference – 2018
Equation (A2)
(
r
E
−
r
C
)
(
1
−
∑
j
α
j
)
=
∑
t
{
∑
i
∈
S
t
(
r
A
,
i
−
r
t
)
β
i
−
∑
j
∈
S
t
(
r
L
,
j
−
r
t
)
α
j
+
(
r
t
−
r
C
)
∑
s
{
∑
i
∈
S
s
,
t
β
i
−
∑
j
∈
S
s
,
t
α
j
}
}