RBA Annual Conference – 2018
Equation
∑
t
=
1
T
Δ
f
2
,
t
*
*
Δ
r
C
,
t
Δ
r
C
,
t
−
μ
=
∑
t
=
1
T
[
1
+
Δ
(
r
C
L
A
,
t
−
r
C
,
t
)
Δ
r
C
,
t
(
β
C
L
A
,
t
1
−
∑
j
α
j
,
t
)
−
Δ
(
r
N
D
,
t
−
r
C
,
t
)
Δ
r
C
,
t
(
α
N
D
,
t
1
−
∑
j
α
j
,
t
)
]
Δ
r
C
,
t
−
μ