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RDP 9005: Real Exchange Rates and Australian Export Competitiveness
Equation (3)
RER
t
=
100
⋅
∏
j=1
1
[
CPI
AUS t
CPI
jt
⋅
E
jt
E
j
0
]
w
j
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOuaiaabw eacaqGsbWaaSbaaSqaaiaabshaaeqaaOGaeyypa0JaaGymaiaaicda caaIWaGaeyyXIC9aaebCaeaadaWadaqaamaalaaabaGaae4qaiaabc facaqGjbWaaSbaaSqaaiaabgeacaqGvbGaae4uaiaabccacaqG0baa beaaaOqaaiaaboeacaqGqbGaaeysamaaBaaaleaacaqGQbGaaeiDaa qabaaaaOGaeyyXIC9aaSaaaeaacaqGfbWaaSbaaSqaaiaabQgacaqG 0baabeaaaOqaaiaabweadaWgaaWcbaGaaeOAaiaaicdaaeqaaaaaaO Gaay5waiaaw2faamaaCaaaleqabaGaae4DamaaBaaameaacaqGQbaa beaaaaaaleaacaqGQbGaaeypaiaabgdaaeaacaaIXaaaniabg+Givd aaaa@5BAB@