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RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (B3)
Δ
f
y
t
=
α
f
y
−
0.466
(
4.48
)
(
f
y
t
−
1
−
f
y
t
−
1
t
r
e
n
d
)
+
ε
t
f
y
R
¯
2
=
0.222
σ
^
=
9.929
%
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