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RDP 2003-03: Australia's Medium-Run Exchange Rate: A Macroeconomic Balance Approach
Equation (B2)
x
s
r
v
=
−
3.9
+
0.5
(
0.04
)
(
p
∗
c
p
i
−
e
t
w
i
−
p
c
p
i
)
+
0.8
y
(
0.2
)
w
o
r
l
d
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiEamaaBa aaleaacaWGZbGaamOCaiaadAhaaeqaaOGaeyypa0JaeyOeI0IaaG4m aiaac6cacaaI5aGaey4kaSYaaCbeaeaacaaIWaGaaiOlaiaaiwdaaS qaamaabmaabaGaaGimaiaac6cacaaIWaGaaGinaaGaayjkaiaawMca aaqabaGcdaqadaqaaiaadchadaahaaWcbeqaaiabgEHiQaaakmaaBa aaleaacaWGJbGaamiCaiaadMgaaeqaaOGaeyOeI0IaamyzamaaCaaa leqabaGaamiDaiaadEhacaWGPbaaaOGaeyOeI0IaamiCamaaBaaale aacaWGJbGaamiCaiaadMgaaeqaaaGccaGLOaGaayzkaaGaey4kaSYa aCbeaeaacaaIWaGaaiOlaiaaiIdacaWG5baaleaadaqadaqaaiaaic dacaGGUaGaaGOmaaGaayjkaiaawMcaaaqabaGcdaahaaWcbeqaaiaa dEhacaWGVbGaamOCaiaadYgacaWGKbaaaaaa@635E@