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RDP 8908: Capital Flows and Exchange Rate Determination
Equation (5)
Δ
x
t
+
1
=
α
+
β
Δ
y
t
+
u
t
+
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam iEamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGH9aqpcqaH XoqycqGHRaWkcqaHYoGycqqHuoarcaWG5bWaaSbaaSqaaiaadshaae qaaOGaey4kaSIaamyDamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqa baaaaa@487E@