RDP 9504: The Link Between the Cash Rate and Market Interest Rates Equation (2)

intrestrat e t =α+ Σ i=0 3 γ i Δcashrat e ti + Σ i=0 3 φ i Δ intrestrat e ti +δcashrat e t + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8xAai aa=5gacaWF0bGaa8NCaiaa=vgacaWFZbGaa8hDaiaaykW7caWFYbGa a8xyaiaa=rhacaWFLbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0Jaeq ySdeMaey4kaSYaaabCaeaacqaHZoWzdaWgaaWcbaGaamyAaaqabaGc cqqHuoarcaWGJbGaamyyaiaadohacaWGObGaaGPaVlaadkhacaWGHb GaamiDaiaadwgadaWgaaWcbaGaamiDaiabgkHiTiaadMgaaeqaaOGa ey4kaSYaaabCaeaacqaHgpGAdaWgaaWcbaGaamyAaaqabaGccqqHuo araSqaaiaadMgacqGH9aqpcaaIWaaabaGaaG4maaqdcqGHris5aaWc baGaamyAaiabg2da9iaaicdaaeaacaaIZaaaniabggHiLdGccaWFPb Gaa8NBaiaa=rhacaWFYbGaa8xzaiaa=nhacaWF0bGaaGPaVlaa=jha caWFHbGaa8hDaiaa=vgadaWgaaWcbaGaamiDaiabgkHiTiaadMgaae qaaOGaey4kaSIaeqiTdqMaam4yaiaadggacaWGZbGaamiAaiaaykW7 caWGYbGaamyyaiaadshacaWGLbWaaSbaaSqaaiaadshaaeqaaOGaey 4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaaaa@867F@