RDP 2008-07: A Medium-Scale Open Economy Model of Australia
Equation (4)
Δ
E
t
^
=
β
1
+
β
E
t
Δ
E
^
t
+
1
+
1
1
+
β
E
t
^
−
1
+
(
1
−
ξ
e
)
(
1
−
β
ξ
e
)
ξ
e
(
1
+
β
)
(
H
^
t
−
E
t
^
)
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