RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (A4)
Δ
n
t
u
l
c
t
=
0.25
∑
j
=
1
4
Δ
p
t
−
j
+
0.134
(
2.53
)
(
y
t
−
3
−
y
t
−
3
p
−
0.012
)
+
0.313
(
1.90
)
Δ
(
y
t
−
3
−
y
t
−
3
p
)
+
ε
t
u
l
c
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