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RDP 8403: Modelling Recent Developments in Australian Asset Markets: Some Preliminary Results
Equation
D
log x
=
α
4
log
(
x
^
d
/
x
)
+
β
13
log
(
ν
^
/
ν
)
+
β
14
QDS
+
β
15
log
(
μ
0
y
f
/
y
)
x
^
d
=
x
0
d
x
w
(
P
x
/
EP
w
)
β
16
ν
^
=
ν
0
s
p
e
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