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RDP 1977-07: Money and the Balance of Payments
Equation
Dlog
F
=
α
10
(
log
f
^
−
log
F
EP
w
)
+
γ
4
(
log
m
^
−
log
M
P
)
f
^
=
f
0
(
y
+
z
)
β
1
r
b
−
β
16
(
r
w
+
ξ
)
β
16
(
U
.
K
.
)
f
^
=
f
0
y
β
1
e
−
β
16
r
b
e
β
16
(
r
w
+
ξ
)
(
Aust
.
)
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