Skip to content
RDP 2010-07: Monetary Policy and the Exchange Rate: Evaluation of VAR Models
Equation (3)
r
t
*
=
ρ
r
*
r
t
−
1
*
+
α
π
*
π
t
*
+
α
x
*
x
t
*
+
ε
r
,
t
*
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaDaaaleaacaWG0baabaGaaiOkaaaakiabg2da9iabeg8aYnaaDaaaleaacaWGYbaabaGaaiOkaaaakiaadkhadaqhaaWcbaGaamiDaiabgkHiTiaaigdaaeaacaGGQaaaaOGaey4kaSIaeqySde2aa0baaSqaaiabec8aWbqaaiaacQcaaaGccqaHapaCdaqhaaWcbaGaamiDaaqaaiaacQcaaaGccqGHRaWkcqaHXoqydaqhaaWcbaGaamiEaaqaaiaacQcaaaGccaWG4bWaa0baaSqaaiaadshaaeaacaGGQaaaaOGaey4kaSIaeqyTdu2aa0baaSqaaiaadkhacaGGSaGaamiDaaqaaiaacQcaaaaaaa@57E8@