RDP 8612: A Weekly Model of the Floating Australian Dollar
Equation (18)
t
e
t
+
1
−
e
t
=
1
β
[
α
0
+
α
e
(
L
)
e
t
+
α
m
(
L
)
m
t
−
α
y
(
L
)
Y
t
−
α
m
*
(
L
)
m
t
*
+
α
y
*
(
L
)
Y
t
*
]
+
u
t
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