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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
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