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RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (A2)
Δ
p
t
=
α
p
−
0.064
(
6.30
)
(
p
t
−
1
−
0.568
(
5.76
)
n
t
u
l
c
t
−
1
−
(
1
−
0.568
)
p
m
t
−
1
)
+
0.004
(
0.44
)
Δ
p
m
t
−
1
+
0.005
(
0.53
)
Δ
p
m
t
−
2
+
0.024
(
2.46
)
Δ
p
m
t
−
3
+
0.111
(
7.18
)
(
y
t
−
1
−
y
t
−
1
p
)
+
ε
t
p
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