RDP 8403: Modelling Recent Developments in Australian Asset Markets: Some Preliminary Results Equation

DlogN= α 12  log( N ^ /N )+ β 36  log( L/ ϕ 0 N ) N ^ = N 0 { W( 1.0 t 1 )/ P d w 0 e λ 4 t } β 37 Z MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngBPrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=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@6FFB@