Skip to content
RDP 2015-12: Modelling the Australian Dollar
Equation (10)
Δ
R
T
W
I
t
=
μ
+
γ
(
R
T
W
I
t
−
1
+
β
1
T
o
T
t
−
1
+
β
2
10
y
r
R
I
R
D
t
−
1
+
β
2
2
y
r
R
I
R
D
t
−
1
)
+
α
1
Δ
C
R
B
t
+
α
2
Δ
C
R
B
t
−
1
+
α
3
Δ
S
P
X
t
+
α
4
Δ
V
I
X
t
+
α
5
Δ
R
T
W
I
t
−
1
+
α
6
Δ
T
o
T
t
+
α
7
Δ
10
y
r
R
I
R
D
t
+
α
7
Δ
2
y
r
R
I
R
D
t
+
ε
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHuo arcaWGsbGaamivaiaadEfacaWGjbWaaSbaaSqaaiaadshaaeqaaOGa eyypa0JaeqiVd0Maey4kaSIaeq4SdC2aaeWaaeaacaWGsbGaamivai aadEfacaWGjbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiab gUcaRiabek7aInaaBaaaleaacaaIXaaabeaakiaadsfacaWGVbGaam ivamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaH YoGydaWgaaWcbaGaaGOmaaqabaGccaaIXaGaaGimaiaadMhacaWGYb GaamOuaiaadMeacaWGsbGaamiramaaBaaaleaacaWG0bGaeyOeI0Ia aGymaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaGOmaaqabaGcca aIYaGaamyEaiaadkhacaWGsbGaamysaiaadkfacaWGebWaaSbaaSqa aiaadshacqGHsislcaaIXaaabeaaaOGaayjkaiaawMcaaaqaaiabgU caRiabeg7aHnaaBaaaleaacaaIXaaabeaakiabfs5aejaadoeacaWG sbGaamOqamaaBaaaleaacaWG0baabeaakiabgUcaRiabeg7aHnaaBa aaleaacaaIYaaabeaakiabfs5aejaadoeacaWGsbGaamOqamaaBaaa leaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaHXoqydaWgaa WcbaGaaG4maaqabaGccqqHuoarcaWGtbGaamiuaiaadIfadaWgaaWc baGaamiDaaqabaGccqGHRaWkcqaHXoqydaWgaaWcbaGaaGinaaqaba GccqqHuoarcaWGwbGaamysaiaadIfadaWgaaWcbaGaamiDaaqabaGc cqGHRaWkcqaHXoqydaWgaaWcbaGaaGynaaqabaGccqqHuoarcaWGsb GaamivaiaadEfacaWGjbWaaSbaaSqaaiaadshacqGHsislcaaIXaaa beaaaOqaaiabgUcaRiabeg7aHnaaBaaaleaacaaI2aaabeaakiabfs 5aejaadsfacaWGVbGaamivamaaBaaaleaacaWG0baabeaakiabgUca Riabeg7aHnaaBaaaleaacaaI3aaabeaakiabfs5aejaaigdacaaIWa GaamyEaiaadkhacaWGsbGaamysaiaadkfacaWGebWaaSbaaSqaaiaa dshaaeqaaOGaey4kaSIaeqySde2aaSbaaSqaaiaaiEdaaeqaaOGaeu iLdqKaaGOmaiaadMhacaWGYbGaamOuaiaadMeacaWGsbGaamiramaa BaaaleaacaWG0baabeaakiabgUcaRiabew7aLnaaBaaaleaacaWG0b aabeaakiaac6caaaaa@BFA8@