RDP 9201: The Impact of Real And Nominal Shocks on Australian Real Exchange Rates
Equation (5)
X
(
t
)
=
A
(
0
)
ε
(
t
)
+
A
(
1
)
ε
(
t
−
1
)
+
A
(
2
)
ε
(
t
−
2
)
+
........
=
∑
j
=
0
∞
A
(
j
)
ε
(
t
−
j
)
a
n
d
E
ε
ε
′
=
I
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGyb WaaeWaaeaacaWG0baacaGLOaGaayzkaaGaeyypa0Jaamyqamaabmaa baGaaGimaaGaayjkaiaawMcaaiabew7aLnaabmaabaGaamiDaaGaay jkaiaawMcaaiabgUcaRiaadgeadaqadaqaaiaaigdaaiaawIcacaGL PaaacqaH1oqzdaqadaqaaiaadshacqGHsislcaaIXaaacaGLOaGaay zkaaGaey4kaSIaamyqamaabmaabaGaaGOmaaGaayjkaiaawMcaaiab ew7aLnaabmaabaGaamiDaiabgkHiTiaaikdaaiaawIcacaGLPaaacq GHRaWkcaGGUaGaaiOlaiaac6cacaGGUaGaaiOlaiaac6cacaGGUaGa aiOlaaqaaiabg2da9maaqahabaGaamyqamaabmaabaGaamOAaaGaay jkaiaawMcaaiabew7aLnaabmaabaGaamiDaiabgkHiTiaadQgaaiaa wIcacaGLPaaaaSqaaiaadQgacqGH9aqpcaaIWaaabaGaeyOhIukani abggHiLdaakeaacaWGHbGaamOBaiaadsgacaaMc8Uaamyraiabew7a Ljqbew7aLzaafaGaeyypa0Jaamysaaaaaa@767D@