RBA Annual Conference – 2017 Equation

D τ ( t )= D τ ( τ )( e R( tτ ) e RT ( e R( tτ ) 1 ) e RT 1 )ifτtτ+T =0otherwise MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@767E@