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

log E= ( α 14  β 47 + β 44 ) −1 [ α 14  log  f 0 + α 14  logP+ α 14  10+ 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 ] E ^ = E 0 ( P/ P w ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngBPrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=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@CBF1@