Skip to content
RDP 2003-03: Australia's Medium-Run Exchange Rate: A Macroeconomic Balance Approach
Equation (8)
p
m
a
n
x
=
0.2
(
0.03
)
+
(
1
−
0
)
(
p
p
p
i
)
+
0
(
0.01
)
(
p
∗
c
p
i
−
e
t
w
i
)
−
0.01
(
0.001
)
t
1986
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiCamaaDa aaleaacaWGTbGaamyyaiaad6gaaeaacaWG4baaaOGaeyypa0ZaaCbe aeaacaaIWaGaaiOlaiaaikdaaSqaamaabmaabaGaaGimaiaac6caca aIWaGaaG4maaGaayjkaiaawMcaaaqabaGccqGHRaWkdaqadaqaaiaa igdacqGHsislcaaIWaaacaGLOaGaayzkaaWaaeWaaeaacaWGWbWaaS baaSqaaiaadchacaWGWbGaamyAaaqabaaakiaawIcacaGLPaaacqGH RaWkdaWfqaqaaiaaicdaaSqaamaabmaabaGaaGimaiaac6cacaaIWa GaaGymaaGaayjkaiaawMcaaaqabaGcdaqadaqaaiaadchadaahaaWc beqaaiabgEHiQaaakmaaBaaaleaacaWGJbGaamiCaiaadMgaaeqaaO GaeyOeI0IaamyzamaaCaaaleqabaGaamiDaiaadEhacaWGPbaaaaGc caGLOaGaayzkaaGaeyOeI0YaaCbeaeaacaaIWaGaaiOlaiaaicdaca aIXaaaleaadaqadaqaaiaaicdacaGGUaGaaGimaiaaicdacaaIXaaa caGLOaGaayzkaaaabeaakiaadshadaWgaaWcbaGaaGymaiaaiMdaca aI4aGaaGOnaaqabaaaaa@6C59@