RDP 2015-12: Modelling the Australian Dollar Equation (9)

Δ R T W I t = μ + γ ( R T W I t − 1 + β 1 F T o T t − 1 + β 2 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 F T o T t + α 7 Δ R I R D t + ε t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHuo arcaWGsbGaamivaiaadEfacaWGjbWaaSbaaSqaaiaadshaaeqaaOGa eyypa0JaeqiVd0Maey4kaSIaeq4SdC2aaeWaaeaacaWGsbGaamivai aadEfacaWGjbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiab gUcaRiabek7aInaaBaaaleaacaaIXaaabeaakiaadAeacaWGubGaam 4BaiaadsfadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4k aSIaeqOSdi2aaSbaaSqaaiaaikdaaeqaaOGaamOuaiaadMeacaWGsb GaamiramaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaaakiaawIca caGLPaaacqGHRaWkcqaHXoqydaWgaaWcbaGaaGymaaqabaGccqqHuo arcaWGdbGaamOuaiaadkeadaWgaaWcbaGaamiDaaqabaGccqGHRaWk cqaHXoqydaWgaaWcbaGaaGOmaaqabaGccqqHuoarcaWGdbGaamOuai aadkeadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaaGcbaGaey4k aSIaeqySde2aaSbaaSqaaiaaiodaaeqaaOGaeuiLdqKaam4uaiaadc facaWGybWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqySde2aaSba aSqaaiaaisdaaeqaaOGaeuiLdqKaamOvaiaadMeacaWGybWaaSbaaS qaaiaadshaaeqaaOGaey4kaSIaeqySde2aaSbaaSqaaiaaiwdaaeqa aOGaeuiLdqKaamOuaiaadsfacaWGxbGaamysamaaBaaaleaacaWG0b GaeyOeI0IaaGymaaqabaGccqGHRaWkcqaHXoqydaWgaaWcbaGaaGOn aaqabaGccqqHuoarcaWGgbGaamivaiaad+gacaWGubWaaSbaaSqaai aadshaaeqaaOGaey4kaSIaeqySde2aaSbaaSqaaiaaiEdaaeqaaOGa euiLdqKaamOuaiaadMeacaWGsbGaamiramaaBaaaleaacaWG0baabe aakiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaakiaac6caaaaa @A224@