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RDP 9108: Australia's Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials?
Equation (2a)
q
t
=
a
+
bTOT
t
+
v
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyCamaaBa aaleaacaqG0baabeaakiabg2da9iaabggacqGHRaWkcaqGIbGaaeiv aiaab+eacaqGubWaaSbaaSqaaiaabshaaeqaaOGaey4kaSIaaeODam aaBaaaleaacaqG0baabeaakiaacYcaaaa@432D@