Skip to content
RDP 9108: Australia's Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials?
Equation
E
t
(
q
t
+
k
−
q
¯
t
+
k
)
=
θ
k
(
q
t
−
q
¯
t
)
,
0
<
θ
<
1
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaaBa aaleaacaWG0baabeaakmaabmaabaGaamyCamaaBaaaleaacaWG0bGa ey4kaSIaam4AaaqabaaccaGccqWFsislceWGXbGbaebadaWgaaWcba GaamiDaiabgUcaRiaadUgaaeqaaaGccaGLOaGaayzkaaGaeyypa0Ja eqiUde3aaWbaaSqabeaacaWGRbaaaOWaaeWaaeaacaWGXbWaaSbaaS qaaiaadshaaeqaaOGae8NeI0IabmyCayaaraWaaSbaaSqaaiaadsha aeqaaaGccaGLOaGaayzkaaGaaiilaiaaykW7caaIWaGaeyipaWJaeq iUdeNaeyipaWJaaGymaiaacYcaaaa@5540@