Skip to content
RDP 8702: Open Market Operations in Australia: A U.S. Perspective
Equation (A2)
[
α
1
α
2
]
=
[
ψ
3
2
σ
e
2
+
ψ
4
2
σ
u
2
+
ψ
5
2
σ
w
2
+
ψ
6
2
σ
δ
2
ψ
3
σ
e
2
−
m
1
ψ
4
σ
u
2
+
m
2
ψ
5
σ
w
2
ψ
3
σ
e
2
−
m
1
ψ
4
σ
u
2
+
m
2
ψ
5
σ
w
2
m
1
2
σ
u
2
+
m
2
2
σ
w
2
+
σ
e
2
+
σ
x
2
]
−
1
[
ψ
2
ψ
3
σ
e
2
ψ
2
σ
e
2
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngB PrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0x c9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8fr Fve9Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaadaWada qaauaabeqaceaaaeaacaqGXoWaaSbaaSqaaiaaigdaaeqaaaGcbaGa aeySdmaaBaaaleaacaaIYaaabeaaaaaakiaawUfacaGLDbaacqGH9a qpdaWadaqaauaabaqaciaaaeaacqaHipqEdaqhaaWcbaGaaG4maaqa aiaaikdaaaGccqaHdpWCdaqhaaWcbaGaaeyzaaqaaiaaikdaaaGccq GHRaWkcqaHipqEdaqhaaWcbaGaaGinaaqaaiaaikdaaaGccqaHdpWC daqhaaWcbaGaaeyDaaqaaiaaikdaaaGccqGHRaWkcqaHipqEdaqhaa WcbaGaaGynaaqaaiaaikdaaaGccqaHdpWCdaqhaaWcbaGaae4Daaqa aiaaikdaaaGccqGHRaWkcqaHipqEdaqhaaWcbaGaaGOnaaqaaiaaik daaaGccqaHdpWCdaqhaaWcbaGaeqiTdqgabaGaaGOmaaaaaOqaaiab eI8a5naaBaaaleaacaaIZaaabeaakiabeo8aZnaaDaaaleaacaqGLb aabaGaaGOmaaaakiabgkHiTiaab2gadaWgaaWcbaGaaGymaaqabaGc cqaHipqEdaWgaaWcbaGaaGinaaqabaGccqaHdpWCdaqhaaWcbaGaae yDaaqaaiaaikdaaaGccqGHRaWkcaqGTbWaaSbaaSqaaiaaikdaaeqa aOGaeqiYdK3aaSbaaSqaaiaaiwdaaeqaaOGaeq4Wdm3aa0baaSqaai aabEhaaeaacaaIYaaaaaGcbaGaeqiYdK3aaSbaaSqaaiaaiodaaeqa aOGaeq4Wdm3aa0baaSqaaiaabwgaaeaacaaIYaaaaOGaeyOeI0Iaae yBamaaBaaaleaacaaIXaaabeaakiabeI8a5naaBaaaleaacaaI0aaa beaakiabeo8aZnaaDaaaleaacaqG1baabaGaaGOmaaaakiabgUcaRi aab2gadaWgaaWcbaGaaGOmaaqabaGccqaHipqEdaWgaaWcbaGaaGyn aaqabaGccqaHdpWCdaqhaaWcbaGaae4Daaqaaiaaikdaaaaakeaaca qGTbWaa0baaSqaaiaaigdaaeaacaaIYaaaaOGaeq4Wdm3aa0baaSqa aiaabwhaaeaacaaIYaaaaOGaey4kaSIaaeyBamaaDaaaleaacaaIYa aabaGaaGOmaaaakiabeo8aZnaaDaaaleaacaqG3baabaGaaGOmaaaa kiabgUcaRiabeo8aZnaaDaaaleaacaqGLbaabaGaaGOmaaaakiabgU caRiabeo8aZnaaDaaaleaacaqG4baabaGaaGOmaaaaaaaakiaawUfa caGLDbaadaahaaWcbeqaaiabgkHiTiaaigdaaaGcdaWadaqaauaabe qaceaaaeaacqaHipqEdaWgaaWcbaGaaGOmaaqabaGccqaHipqEdaWg aaWcbaGaaG4maaqabaGccqaHdpWCdaqhaaWcbaGaamyzaaqaaiaaik daaaaakeaacqaHipqEdaWgaaWcbaGaaGOmaaqabaGccqaHdpWCdaqh aaWcbaGaaeyzaaqaaiaaikdaaaaaaaGccaGLBbGaayzxaaaaaa@BC92@