Skip to content
RDP 2003-03: Australia's Medium-Run Exchange Rate: A Macroeconomic Balance Approach
Equation (10)
e
^
=
−
4
y
^
+
0.4
y
^
∗
−
10.6
d
(
C
A
P
Y
)
−
0.1
d
(
N
I
D
P
Y
)
+
1.9
p
^
∗
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabmyzayaaja Gaeyypa0JaeyOeI0IaaGinaiqadMhagaqcaiabgUcaRiaaicdacaGG UaGaaGinaiqadMhagaqcamaaCaaaleqabaGaey4fIOcaaOGaeyOeI0 IaaGymaiaaicdacaGGUaGaaGOnaiaadsgacaGGOaWaaSaaaeaacaWG dbGaamyqaaqaaiaadcfacaWGzbaaaiaacMcacqGHsislcaaIWaGaai OlaiaaigdacaWGKbGaaiikamaalaaabaGaamOtaiaadMeacaWGebaa baGaamiuaiaadMfaaaGaaiykaiabgUcaRiaaigdacaGGUaGaaGyoai qadchagaqcamaaCaaaleqabaGaey4fIOcaaaaa@580C@