Skip to content
RDP 2005-11: A Small Model of the Australian Macroeconomy: An Update
Equation (2)
Δ
r
e
r
t
=
γ
1
+
γ
2
(
r
e
r
t
−
1
−
γ
3
t
o
t
t
−
1
−
γ
4
(
r
t
−
1
−
r
t
−
1
f
)
)
+
γ
5
Δ
s
t
−
3
U
S
+
γ
6
D
t
r
e
r
+
γ
7
Δ
p
t
c
o
m
+
ω
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaabbeaacqGHuo arieGacaWFYbGaa8xzaiaa=jhadaWgaaWcbaGaamiDaaqabaGccqGH 9aqpcqaHZoWzdaWgaaWcbaGaaGymaaqabaGccqGHRaWkcqaHZoWzda WgaaWcbaGaaGOmaaqabaGcdaqadaqaaiaadkhacaWGLbGaamOCamaa BaaaleaacaWG0baccaGae4NeI0IaaGymaaqabaGccqGFsislcqaHZo WzdaWgaaWcbaGaaG4maaqabaGccaWG0bGaam4BaiaadshadaWgaaWc baGaamiDaiab+jHiTiaaigdaaeqaaOGae4NeI0Iaeq4SdC2aaSbaaS qaaiaaisdaaeqaaOWaaeWaaeaacaWGYbWaaSbaaSqaaiaadshacqGF sislcaaIXaaabeaakiab+jHiTiaadkhadaqhaaWcbaGaamiDaiab+j HiTiaaigdaaeaacaWGMbaaaaGccaGLOaGaayzkaaaacaGLOaGaayzk aaGaey4kaScabaGaeq4SdC2aaSbaaSqaaiaaiwdaaeqaaOGaeyiLdq Kaam4CamaaDaaaleaadaahaaadbeqaaiaadshacqGFsislcaaIZaaa aaWcbaGaamyvaiaadofaaaGccqGHRaWkcqaHZoWzdaWgaaWcbaGaaG OnaaqabaGccaWGebWaa0baaSqaaiaadshaaeaacaWGYbGaamyzaiaa dkhaaaGccqGHRaWkcqaHZoWzdaWgaaWcbaGaaG4naaqabaGccqGHuo arcaWGWbWaa0baaSqaaiaadshaaeaacaWGJbGaam4Baiaad2gaaaGc cqGHRaWkcqaHjpWDdaWgaaWcbaGaamiDaaqabaaaaaa@81F2@