RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Equation (A2)

Δ p t = α p 0.064 ( 6.30 ) ( p t1 0.568 ( 5.76 ) ntul c t1 ( 10.568 )p m t1 )+ 0.004 ( 0.44 ) Δp m t1 + 0.005 ( 0.53 ) Δp m t2 + 0.024 ( 2.46 ) Δp m t3 + 0.111 ( 7.18 ) ( y t1 y t1 p )+ ε t p MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaGabeaacqqHuo arcaWGWbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySde2aaSba aSqaaiaadchaaeqaaOGaeyOeI0YaaCbeaeaacaaIWaGaaiOlaiaaic dacaaI2aGaaGinaaWcbaWaaeWaaeaacaaI2aGaaiOlaiaaiodacaaI WaaacaGLOaGaayzkaaaabeaakmaabmaabaGaamiCamaaBaaaleaaca WG0bGaeyOeI0IaaGymaaqabaGccqGHsisldaWfqaqaaiaaicdacaGG UaGaaGynaiaaiAdacaaI4aaaleaadaqadaqaaiaaiwdacaGGUaGaaG 4naiaaiAdaaiaawIcacaGLPaaaaeqaaOGaamOBaiaadshacaWG1bGa amiBaiaadogadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey OeI0YaaeWaaeaacaaIXaGaeyOeI0IaaGimaiaac6cacaaI1aGaaGOn aiaaiIdaaiaawIcacaGLPaaacaWGWbGaamyBamaaBaaaleaacaWG0b GaeyOeI0IaaGymaaqabaaakiaawIcacaGLPaaacqGHRaWkdaWfqaqa aiaaicdacaGGUaGaaGimaiaaicdacaaI0aaaleaadaqadaqaaiaaic dacaGGUaGaaGinaiaaisdaaiaawIcacaGLPaaaaeqaaOGaeuiLdqKa amiCaiaad2gadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaaGcba Gaey4kaSYaaCbeaeaacaaIWaGaaiOlaiaaicdacaaIWaGaaGynaaWc baWaaeWaaeaacaaIWaGaaiOlaiaaiwdacaaIZaaacaGLOaGaayzkaa aabeaakiabfs5aejaadchacaWGTbWaaSbaaSqaaiaadshacqGHsisl caaIYaaabeaakiabgUcaRmaaxababaGaaGimaiaac6cacaaIWaGaaG OmaiaaisdaaSqaamaabmaabaGaaGOmaiaac6cacaaI0aGaaGOnaaGa ayjkaiaawMcaaaqabaGccqqHuoarcaWGWbGaamyBamaaBaaaleaaca WG0bGaeyOeI0IaaG4maaqabaGccqGHRaWkdaWfqaqaaiaaicdacaGG UaGaaGymaiaaigdacaaIXaaaleaadaqadaqaaiaaiEdacaGGUaGaaG ymaiaaiIdaaiaawIcacaGLPaaaaeqaaOWaaeWaaeaacaWG5bWaaSba aSqaaiaadshacqGHsislcaaIXaaabeaakiabgkHiTiaadMhadaqhaa WcbaGaamiDaiabgkHiTiaaigdaaeaacaWGWbaaaaGccaGLOaGaayzk aaGaey4kaSIaeqyTdu2aa0baaSqaaiaadshaaeaacaWGWbaaaaaaaa@B071@