RDP 2003-04: Identifying the Efficacy of Central Bank Interventions: Evidence from Australia Equation (2)

e t = E m { j=0 T1 [ i i+j i t+j + ρ t+j ] |IN T t }+ E m { e t+T |IN T t } MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@694D@