RDP 8403: Modelling Recent Developments in Australian Asset Markets: Some Preliminary Results Equation (21′)

log E= ( α 14 β 47 + β 44 ) −1 [ α 14  log  f 0 + α 14  logP+ α 14  log y+ α 14 β 46 ( r b1 − r eu ) + α 14 β 47 log E ^ + α 14 β 48  QF+ β 43  log( M M 0 e λ 2 t ) + β 44  log( q 0 P x x/ P i i )+ β 45 ( Dr b1 − Dr eu )−D logF ] MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngBPrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=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@C3F5@