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RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (4)
p
=
α
[
β
.
n
t
u
l
c
+
(
1
−
β
)
.
p
m
]
+
(
1
−
α
)
[
δ
.
n
t
u
l
c
+
(
1
−
δ
)
.
p
m
]
=
φ
.
n
t
u
l
c
+
(
1
−
φ
)
.
p
m
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