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RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (A6)
Δ
r
e
r
t
=
α
r
e
r
−
0.413
(
4.15
)
r
e
r
t
−
1
+
0.4113
(
2.93
)
t
o
t
t
−
1
+
1.263
(
7.20
)
Δ
t
o
t
t
−
1
+
0.392
(
1.76
)
(
r
t
−
1
−
w
r
t
−
1
)
+
ε
t
r
e
r
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